SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank
Annual Report 2010 on Form 20-F
Item 11: Quantitative and Qualitative Disclosures about Credit, Market and Other Risk 148
In the tables below, we show details about several of our main credit exposure categories, namely loans, irrevocable
lending commitments, contingent liabilities and over-the-counter (“OTC”) derivatives:
— “Loans” are net loans as reported on our balance sheet at amortized cost but before deduction of our allowance
for loan losses.
— “Irrevocable lending commitments” consist of the undrawn portion of irrevocable lending-related commitments.
— “Contingent liabilities” consist of financial and performance guarantees, standby letters of credit and indemnity
agreements.
— “OTC derivatives” are our credit exposures from over-the-counter derivative transactions that we have entered
into, after netting and cash collateral received. On our balance sheet, these are included in trading assets
or, for derivatives qualifying for hedge accounting, in other assets, in either case, before netting and cash
collateral received.
The following table breaks down several of our main credit exposure categories by geographical region. For
this table, we have allocated exposures to regions based on the country of domicile of our counterparties,
irrespective of any affiliations the counterparties may have with corporate groups domiciled elsewhere.
Credit risk profile
by region Loans 1
in € m.
Dec 31,
2010
Dec 31,
2009
Dec 31,
2010
Irrevocable lending
commitments 2
Dec 31,
2009
Contingent liabilities OTC derivatives 3 Total
Germany 207,129 105,297 24,273 14,112 15,758 12,126 3,018 3,455 250,178 134,990
Western Europe
(excluding Germany) 110,930 81,954 30,239 27,006 18,019 13,128 22,213 21,081 181,401 143,169
Eastern Europe 8,103 6,986 1,844 1,306 1,319 1,428 836 690 12,102 10,410
North America 54,887 45,717 59,506 55,337 22,063 17,018 26,765 30,805 163,221 148,877
Central and South
America 4,121 3,325 575 214 1,427 777 1,792 831 7,915 5,147
Asia/Pacific 23,562 16,921 6,651 5,793 8,532 7,086 7,247 7,060 45,992 36,860
Africa 961 947 419 233 911 620 421 458 2,712 2,258
Other 4 1,332 301 373 124 27 – 13 160 1,745 585
Total 411,025 261,448 123,880 104,125 68,056 52,183 62,305 64,540 665,266 482,296
Dec 31,
2010
Dec 31,
2009
Dec 31,
2010
Dec 31,
2009
1 Includes impaired loans amounting to € 6.3 billion as of December 31, 2010 and € 7.2 billion as of December 31, 2009.
2 Includes irrevocable lending commitments related to consumer credit exposure of € 4.5 billion as of December 31, 2010 and € 2.9 billion as of December 31, 2009.
3 Includes the effect of netting agreements and cash collateral received where applicable.
4 Includes supranational organizations and other exposures that we have not allocated to a single region.
Our largest concentrations of credit risk within loans from a regional perspective were in Western Europe and
North America, with a significant share in households. The concentration in Western Europe was principally in
our home market Germany, which includes most of our mortgage lending business. Within the OTC derivatives
business our largest concentrations were also in Western Europe and North America, with a significant share
in highly rated banks and insurance companies for which we consider the credit risk to be limited.
The increase in loans at the end of 2010 was predominantly due to the first time inclusion of Postbank. Postbanks
total contribution to our loan exposure at December 31, 2010, was € 129 billion, with the vast majority being
concentrated in the German region (€ 103 billion).
As of December 31, 2010, credit risk concentrations at Postbank can be recognized with respect to highly rated
banks as well as in the structured credit portfolio.
Dec 31,
2010
Dec 31,
2009