Deutsche’s IRC peaks at record high during H1

€905m charge for trading book default and migration is largest among global dealers

Deutsche Bank’s incremental risk charge, a quantifier of default and migration risk in the trading book, touched the highest in at least seven years during the first half of 2023, helping send associated capital requirements, already among the largest in the European Union, up 37%.

The IRC reading – the maximum potential loss from the default or downgrade of trading securities – hit €905 million ($967 million) at an unspecified point in H1. That was 335% more than the high-point for H2 2022

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