v3.25.4
Related Party Transactions
12 Months Ended
Dec. 31, 2025
Related party transactions [abstract]  
Related Party Transactions 36 — Related Party Transactions 
Parties are considered to be related if one party has the ability to directly or indirectly control the other party or exercise
significant influence over the other party in making financial or operational decisions. The Group’s related parties include:
–Key management personnel including close family members and entities which are controlled, significantly influenced
by, or for which significant voting power is held by key management personnel or their close family members
–Subsidiaries, joint ventures and associates and their respective subsidiaries
–Post-employment benefit plans for the benefit of Deutsche Bank employees
Transactions with Key Management Personnel
Key management personnel are those persons having authority and responsibility for planning, directing, and controlling
the activities of Deutsche Bank, directly or indirectly. The Group considers the members of the Management Board and
of the Supervisory Board of the parent company to constitute key management personnel for purposes of IAS 24.
Compensation expense of key management personnel
in € m.
2025
2024
2023
Short-term employee benefits
49
47
37
Post-employment benefits
7
4
7
Other long-term benefits
13
35
17
Termination benefits
6
—
—
Share-based payment
30
15
18
Total
105
101
79
The above table does not contain compensation that employee representatives and former board members on the
Supervisory Board have received. The aggregated compensation paid to such members for their services as employees of
Deutsche Bank or status as former employees (retirement, pension and deferred compensation) amounted to € 1 million
as of December 31, 2025, € 1 million as of December 31, 2024 and € 1 million as of December 31, 2023.
Among the Group’s transactions with key management personnel as of December 31, 2025, were loans and
commitments of € 2 million and deposits of € 8 million. As of December 31, 2024, the Group’s transactions with key
management personnel included loans and commitments of € 2 million and deposits of € 17 million.
In addition, the Group provides banking services, such as payment and account services as well as investment advice, to
key management personnel.
Transactions with Subsidiaries, Joint Ventures and Associates
Transactions between Deutsche Bank AG and its subsidiaries meet the definition of related party transactions. If these
transactions are eliminated on consolidation, they are not disclosed as related party transactions. Transactions between
the Group and its associated companies and joint ventures and their respective subsidiaries also qualify as related party
transactions.
Transactions for subsidiaries, joint ventures and associates are presented combined in below table as these are not
material individually.
Loans
in € m.
2025
2024
Loans outstanding, beginning of year
73
44
Net movement in loans during the period
(7)
70
Changes in the group of consolidated companies
—
—
Exchange rate changes/other
—
(41)
Loans outstanding, end of year1
66
73
Other credit risk related transactions:
Allowance for loan losses
—
—
Provision for loan losses
—
1
Guarantees and commitments
3
3
1.Loans past due were € 0 million as of December 31, 2025 and € 0 million as of December 31, 2024. For total loans, the Group held collateral of € 0 million and € 0 million
as of December 31, 2025 and December 31, 2024, respectively
Deposits
in € m.
2025
2024
Deposits outstanding, beginning of year
29
33
Net movement in deposits during the period
(7)
(4)
Changes in the group of consolidated companies
—
—
Exchange rate changes/other
—
—
Deposits outstanding, end of year
22
29
 
Other transactions
Other transactions include bonds issued by associated companies which the Group acquired and classified as trading
assets. These trading assets amounted to € 17 million as of December 31, 2025, and € 27 million as of December 31,
2024.
Other assets related to transactions with associated companies amounted to € 2 million as of December 31, 2025, and
€ 2 million as of December 31, 2024. Other liabilities related to transactions with associated companies were € 4 million
as of December 31, 2025, and € 0 million as of December 31, 2024.
Transactions with Pension Plans
Under IFRS, post-employment benefit plans are considered related parties. The Group has business relationships with a
number of its pension plans pursuant to which it provides financial services to these plans, including investment
management services.
Transactions with related party pension plans
in € m.
2025
2024
Equity shares issued by the Group held in plan assets
—
—
Other assets
1
2
Fees paid from plan assets to asset managers of the Group
16
16
Market value of derivatives with a counterparty of the Group
411
679
Notional amount of derivatives with a counterparty of the Group
8,885
9,730