Commerzbank : Disclosures according to Pfandbriefgesetz as of 09-30-2020

Disclosures according to Pfandbriefgesetz

Mortgage Pfandbriefe

Art. 28 (1) No. 1, 2, 3 PfandBG | €m		30.9.2020			30.9.2019
			Risk-adjusted			Risk-adjusted
	Nominal	Net present	net present	Nominal	Net present	net present
Cover calculation mortgage Pfandbriefe	value	value	value1	value	value	value1
Liabilities to be covered	20,408.9	21,821.2	20,688.2	17,293.8	18,854.4	19,946.6
of which Pfandbriefe outstanding	20,408.9	21,821.2	20,688.2	17,293.8	18,854.4	19,946.6
of which derivatives	-	-	-	-	-	-
Cover assets	32,614.8	36,368.5	34,203.7	28,155.6	31,568.6	33,289.0
of which cover loans	31,620.8	35,204.3	33,108.3	27,560.1	30,897.6	32,588.8
of which cover assets Art. 19 (1) No. 1, 2, 3
PfandBG	993.9	1,164.2	1,095.4	595.5	670.9	700.2
of which derivatives	-	-	-	-	-	-
Risk-adjusted net present value after interest
rate stress test			13,515.5			13,342.5
Loss from currency stress test			-			-
Cover surplus	12,205.9	14,547.3	13,515.5	10,861.8	12,714.2	13,342.5

• Risk-adjustednet present value including currency stress test.

Art. 28 (1) no. 2 PfandBG | €m	30.9.2020	30.9.2019
Mortgage Pfandbriefe outstanding with a residual term of
up to 6 months	812.9	24.3
over 6 months up to 12 months	630.5	612.8
over 12 months up to 18 months	1,147.0	810.7
over 18 months up to 2 years	2,622.0	630.5
over 2 years up to 3 years	2,308.0	1,769.0
over 3 years up to 4 years	2,888.5	2,308.0
over 4 years up to 5 years	2,341.0	2,888.5
over 5 years up to 10 years	6,248.0	6,839.0
over 10 years	1,411.0	1,411.0
Total	20,408.9	17,293.8
Cover assets mortgage Pfandbriefe with a residual fixed interest period of
up to 6 months	836.3	818.7
over 6 months up to 12 months	1,133.4	1,287.6
over 12 months up to 18 months	1,010.8	863.5
over 18 months up to 2 years	1,411.9	1,155.5
over 2 years up to 3 years	3,352.2	2,474.4
over 3 years up to 4 years	3,840.7	3,235.1
over 4 years up to 5 years	3,639.0	3,480.5
over 5 years up to 10 years	15,184.6	13,283.7
over 10 years	2,205.8	1,556.8
Total	32,614.8		28,155.6

Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.

Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz

30 September 2020 | Page 2

Art. 28 (1) no. 4, 5, 6 PfandBG	30.9.2020	30.9.2019
Other cover assets | €m
Equalisation claims as defined by Art. 19 (1) no. 1 Pfandbriefgesetz
Germany	-	-
Total	-	-
Loans as defined by Art. 19 (1) no. 2 Pfandbriefgesetz
Germany	-	-
of which covered bonds as defined by Art. 129 of EU Regulation 575/2013	-	-
Total	-	-
Loans as defined by Art. 19 (1) no. 3 Pfandbriefgesetz
Germany	490.0	425.0
Italy	344.9	0.0
Austria	69.0	84.0
Spain	90.0	-
Czech Republic	-	86.5
Total	993.9	595.5
Total	993.9	595.5
Art. 28 (2) no. 1 a PfandBG
Size categories | €m	30.9.2020	30.9.2019
Up to €0.3m	24,304.9	21,381.2
over €0.3m up to €1m	5,558.4	4,682.3
over €1m up to €10m	1,079.7	943.3
over €10m	677.9	553.3
Total	31,620.8	27,560.1

Art. 28 (2) no. 1 b and c PfandBG

Mortgage Pfandbriefe by country and type of use | €m

Germany

30.9.2020		30.9.2019
Commercial	Residential	Commercial	Residential

Flats	-	8,602.4	-	7,239.5
Single family house	-	18,680.0	-	16,467.5
Multi-dwellings	-	3,545.3	-	3,189.9
Office buildings	454.1	-	409.7	-
Retail buildings	187.9	-	200.7	-
Industrial buildings	0.2	-	0.2	-
Other commercially used real estate	150.8	-	52.5	-
Unfinished new buildings	-	0.1	-	0.0
not yet generating income
Building sites	-	-	-	0.0
Total	793.0	30,827.9	663.1	26,897.0

Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.

Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz

30 September 2020 | Page 3

Art. 28 (1) no. 10 PfandBG
Foreign currency | €m	30.9.2020	30.9.2019
Net present value	-	-
Art. 28 (1) no. 9 PfandBG
Interest structure | %	30.9.2020	30.9.2019
Share of fixed-income cover assets	98.7	99.0
Share of fixed-income Pfandbriefe	89.7	99.4
Art. 28 (1) no. 8 PfandBG
Limit breaches | €m	30.9.2020	30.9.2019
Total amount of loans that exceed the limits defined by Art. 13 (1) PfandBG	-	-
Total amount of loans that exceed the limits defined by Art. 19 (1) PfandBG	-	-
Art. 28 (1) no. 11 PfandBG
Other structural data	30.9.2020	30.9.2019
Average age of the loans weighted by value, in years (seasoning)	4.7	4.7
Average weighted loan-to-value ratio in %	52.6	52.6
Art. 28 (2) no. 2 PfandBG
Payments in arrear Germany | €m	30.9.2020	30.9.2019
Total payments overdue by at least 90 days	-	-
Total amount of interest in arrears	-	-
Total amount of these receivables where the arrears represent at least 5% of the receivable
concerned	-	-

Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.

Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz

30 September 2020 | Page 4

Public Pfandbriefe

Art. 28 (1) no. 1 and 3 PfandBG | €m		30.9.2020			30.9.2019
			Risk-adjusted			Risk-adjusted
	Nominal	Net present	net present	Nominal	Net present	net present
Cover calculation public Pfandbriefe	value	value	value1	value	value	value1
Liabilities to be covered	11,436.4	13,984.2	13,278.4	7,775.1	10,511.3	9,785.5
of which Pfandbriefe outstanding	11,436.4	13,984.2	13,278.4	7,775.1	10,511.3	9,785.5
of which derivatives	-	-	-	-	-	-
Cover assets	12,556.7	17,465.8	15,178.0	11,807.6	16,947.7	14,828.0
of which cover loans for export finance	2,149.3	2,272.6	2,205.4	1,903.4	2,028.2	1,970.1
of which cover assets Art. 20 (1) PfandBG	12,481.6	17,367.4	15,085.3	11,720.6	16,833.7	14,720.6
of which cover assets Art. 20 (2) PfandBG	75.2	98.4	92.7	87.0	113.9	107.4
of which derivatives	-	-	-	-	-	-
Risk-adjusted net present value after interest
rate stress test			2,461.3			5,484.8
Loss from currency stress test			-561.6			-442.3
Cover surplus	1,120.4	3,481.6	1,899.7	4,032.5	6,436.4	5,042.5

• Risk-adjustednet present value including currency stress test.

Art. 28 (1) no. 2 PfandBG | €m	30.9.2020	30.9.2019
Public Pfandbriefe outstanding with a residual term of
up to 6 months	246.9	617.2
over 6 months up to 12 months	82.0	442.0
over 12 months up to 18 months	206.9	244.5
over 18 months up to 2 years	228.0	82.0
over 2 years up to 3 years	3,247.7	1,383.3
over 3 years up to 4 years	1,572.8	396.3
over 4 years up to 5 years	2,522.7	682.8
over 5 years up to 10 years	1,462.3	1,848.6
over 10 years	1,867.0	2,078.4
Total	11,436.4	7,775.1
Cover assets public Pfandbriefe with a residual fixed interest period of
up to 6 months	896.8	509.1
over 6 months up to 12 months	405.1	462.2
over 12 months up to 18 months	391.0	600.1
over 18 months up to 2 years	596.8	269.6
over 2 years up to 3 years	868.1	754.4
over 3 years up to 4 years	988.9	678.6
over 4 years up to 5 years	751.3	806.1
over 5 years up to 10 years	3,318.8	3,271.6
over 10 years	4,340.0	4,456.0
Total	12,556.7		11,807.6

Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.

Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz

30 September 2020 | Page 5

Art. 28 (1) no. 4 and 5 PfandBG
Other cover assets | €m	30.9.2020	30.9.2019
Equalisation claims as defined by Art. 20 (2) no. 1 Pfandbriefgesetz
Germany	-	-
Total	-	-
Loans as defined by Art. 20 (2) no. 2 Pfandbriefgesetz
Germany	75.2	87.0
of which covered bonds as defined by Art. 129 of EU Regulation 575/2013	-	-
Total	75.2	87.0
Total	75.2	87.0
Art. 28 (3) no.1 PfandBG
Size categories | €m	30.9.2020	30.9.2019
up to €10m	600.0	257.5
over €10m up to €100m	3,643.8	2,837.2
over €100m	8,237.8	8,625.9
Total		12,481.6	11,720.6
Art. 28 (1) no. 10 PfandBG
Foreign currency | €m	30.9.2020	30.9.2019
Net present value in Australian dollars	8.5	-
Net present value in Canadian dollars	-	-
Net present value in Swiss francs	578.9	579.9
Net present value in British pounds	3,203.5	3,251.1
Net present value in US dollars	940.4	751.9
Art. 28 (1) no. 9 PfandBG
Interest structure | %	30.9.2020	30.9.2019
Share of fixed-income cover assets	72.3	69.6
Share of fixed-income Pfandbriefe	44.5	79.9
Art. 28 (1) no. 8 PfandBG
Limit breaches | €m	30.9.2020	30.9.2019
Total amount of loans that exceed the limits defined by Art. 20 (2) PfandBG	-	-
Art. 28 (3) no. 3 PfandBG
Payments in arrear | €m	30.9.2020	30.9.2019
Total payments overdue by at least 90 days	-	-
Total amount of these receivables where the arrears represent
at least 5% of the receivable concerned	-	-

Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.

Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz

30 September 2020 | Page 6

Art. 28 (3) no. 2 PfandBG	30.9.2020	30.9.2019
Registered office of borrowers or guarantors | €m
Total	12,481.6	11,720.6
of which borrowers have a registered office in
Countries	896.5	1,027.9
Germany	-	-
Greece	16.1	-
Great Britain/North Ireland/Channel Islands/Isle of Man	39.1	121.9
Iceland	92.7	95.9
Italy	43.9	44.3
Canada	14.7	15.8
Austria	365.0	425.0
Portugal	100.0	100.0
Spain	225.0	225.0
Regional authorities	4,436.1	5,049.5
Germany	3,139.2	3,489.3
France including Monaco	30.2	36.1
Italy	258.4	490.6
Japan	42.0	42.0
Canada	17.8	45.7
Switzerland	703.4	700.7
Spain	245.1	245.1
Local authorities	4,288.9	2,554.4
Germany	1,918.8	10.4
Estonia	2.8	4.1
Finland	70.4	75.3
France including Monaco	15.7	18.6
Great Britain/North Ireland/Channel Islands/Isle of Man	1,559.5	1,529.2
Italy	334.5	475.5
Switzerland	94.2	104.2
USA	292.9	337.0
Other borrowers with a registered office in	231.8	602.7
Germany	195.0	195.0
France including Monaco	-	368.1
USA	36.8	39.6
Total	9,853.3	9,234.4
of which guarantors have a registered office in
Countries	2,149.3	1,903.4
Germany	1,724.5	1,788.4
of which receivables from export credit agencies	1,724.5	1,788.4
Denmark	45.8	-
of which receivables from export credit agencies	45.8	-
Finland	32.2	47.3
of which receivables from export credit agencies	32.2	47.3
France including Monaco	45.8	-
of which receivables from export credit agencies	45.8	-
Great Britain/North Ireland/Channel Islands/Isle of Man	113.5	-
of which receivables from export credit agencies	113.5	-
Austria	-	2.3
of which receivables from export credit agencies	-	2.3
Sweden	18.8	38.3
of which receivables from export credit agencies	18.8	38.3
Switzerland	168. 6	27.0
of which receivables from export credit agencies	168. 6	27.0
Regional authorities	73.5	79.2
Germany	-	-
Belgium	73.5	79.2
Local authorities	-	-
Germany	-	-
Other borrowers	405.5	503.6
Germany	405.5	503.6
Total	2,628.3	2,486.2
Other cover assets as defined by Art. 20 (2) Pfandbriefgesetz	75.2	87.0
Total		12,556.7	11,807.6

Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.

Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz

30 September 2020 | Page 7

Shipping Pfandbriefe

Commerzbank surrendered its licence to operate shipping Pfand- brief business with effect from 31 May 2017. As of 1 June 2017 the Federal Financial Supervisory Authority granted an exception to the cap set for further cover assets under the Pfandbrief Act Art.

26 (1) no. 4. Shipping Pfandbriefs issued are fully secured by addi-

tional assets that satisfy the requirements for covering public- sector Pfandbriefs and (to the extent that they exceed the cap on other cover assets under the Pfandbrief Act) also the credit rating criteria set by the Federal Financial Supervisory Authority.

Art. 28 (1) no. 1 and 3 | €m		30.9.2020			30.9.2019
		Nominal	Net present	Risk-adjusted	Nominal	Net present	Risk-adjusted
Cover calculation ship Pfandbriefe	value	value	net present	value	value	net present
				1			1
Liabilities to be covered	267.5	298.1	292.9	362.5	409.8	401.1
of which Pfandbriefe outstanding	267.5	298.1	292.9	362.5	409.8	401.1
of which derivatives	-	-	-	-	-	-
Cover assets	313.0	378.9	354.4	423.0	458.6	444.3
of which cover loans	-	-	-	-	-	-
of which cover assets as defined by Art. 26 (1)
no. 2, 3, 4 PfandBG	313.0	378.9	354.4	423.0	458.6	444.3
of which derivatives	-	-	-	-	-	-
Risk-adjusted net present value after interest
rate stress test			61.5			43.2
Loss from currency stress test			-			-
Cover surplus		45.5	80.8	61.5	60.5	48.8	43.2

• Risk-adjustednet present value including currency stress test.

Art. 28 (1) no. 2 PfandBG | €m	30.9.2020	30.9.2019
Ship Pfandbriefe outstanding with a residual term of
up to 6 months	83.5	25.0
over 6 months up to 12 months	15.0	70.0
over 12 months up to 18 months	50.0	83.5
over 18 months up to 2 years	10.0	15.0
over 2 years up to 3 years	50.0	60.0
over 3 years up to 4 years	15.0	50.0
over 4 years up to 5 years	-	15.0
over 5 years up to 10 years	44.0	44.0
over 10 years	-		-
Total	267.5	362.5
Cover assets ship Pfandbriefe with a residual fixed interest period of
up to 6 months	70.0	140.0
over 6 months up to 12 months	-		-
over 12 months up to 18 months	48.0	70.0
over 18 months up to 2 years	75.0		-
over 2 years up to 3 years	-	173.0
over 3 years up to 4 years	-		-
over 4 years up to 5 years	-		-
over 5 years up to 10 years	-		-
over 10 years	120.0	40.0
Total	313.0		423.0

Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.

Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz

30 September 2020 | Page 8

Art. 28 (1) no. 4, 5 and 6 PfandBG
Other cover assets | €m	30.9.2020	30.9.2019
Germany
Equalisation claims as defined by Art. 26 (1) no. 2 Pfandbriefgesetz	-	-
Loans as defined by Art. 26 (1) no. 3 Pfandbriefgesetz	-	-
of which covered bonds as defined by Art. 129 of EU Regulation 575/2013	-	-
Loans as defined by Art. 26 (1) no. 4 Pfandbriefgesetz	193.0	383.0
Austria	-	-
Equalisation claims as defined by Art. 26 (1) no. 2 Pfandbriefgesetz	-	-
Loans as defined by Art. 26 (1) no. 3 Pfandbriefgesetz	-	-
of which covered bonds as defined by Art. 129 of EU Regulation 575/2013	-	-
Loans as defined by Art. 26 (1) no. 4 Pfandbriefgesetz	-	-
Portugal
Equalisation claims as defined by Art. 26 (1) no. 2 Pfandbriefgesetz	-	-
Loans as defined by Art. 26 (1) no. 3 Pfandbriefgesetz	-	-
of which covered bonds as defined by Art. 129 of EU Regulation 575/2013	-	-
Loans as defined by Art. 26 (1) no. 4 Pfandbriefgesetz	20.0	40.0
Total	313.0	423.0
Art. 28 (4) no. 1 a
Size categories | €m	30.9.2020	30.9.2019
Up to €0.5m	-	-
over €0.5m up to €5m	-	-
More than €5m	-	-
Total	-	-

Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.

Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz

30 September 2020 | Page 9

Art. 28 (4) no. 1 b PfandBG
Country in which the mortgaged vessel or vessel under construction is registered | €m	30.9.2020	30.9.2019
Ocean going vessels	-	-
Inland waterway vessels	-	-
Total		-	-
Art. 28 (4) no. 1 b PfandBG
Foreign currency | €m	30.9.2020	30.9.2019
Net present value in Swiss francs	-	-
Net present value in Japanese yen	-	-
Net present value in US dollars	-	-
Total		-	-
Art. 28 (1) no. 9 PfandBG
Interest structure | %	30.9.2020	30.9.2019
Share of fixed-income cover assets	76.0	82.3
Share of fixed-income Pfandbriefe	100.0	100.0
Art. 28 (1) no. 8 PfandBG
Limit breaches | €m	30.9.2020	30.9.2019
Total amount of loans that exceed the limits defined by Art. 26 (1) PfandBG	-	-

Payments in arrears

The nominal value of the loan receivables used to cover for ship Pfandbriefe was €0.0m; consequently no arrears of principal and interest existed. In the previous year the nominal value of the loan receivables used to cover for ship Pfandbriefe was €0.0m. This did not include arrears of principal and interest, as principal payments cease to be included in the cover calculation and interest was not treated as a cover asset after the due date.

Payments in arrears in excess of the cover amount stood at €0.0m in the previous year. Receivables where the arrears represented at least 5% of the receivable concerned amounted to €0.0m in total in the previous year.

Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.