Commerzbank : Disclosures according to Pfandbriefgesetz as of 03-31-2021 PDF, 101 kB

Disclosures according to Pfandbriefgesetz

Mortgage Pfandbriefe

Art. 28 (1) No. 1, 2, 3 PfandBG | €m		31.03.2021			31.03.2020
			Risk-adjusted			Risk-adjusted
Cover calculation mortgage		Net present	net present	Nominal	Net present	net present
Pfandbriefe	Nominal value	value	value1	value	value	value1
Liabilities to be covered	21,498.2	22,719.4	21,820.2	21,016.5	22,376.8	21,295.8
of which Pfandbriefe outstanding	21,498.2	22,719.4	21,820.2	21,016.5	22,376.8	21,295.8
of which derivatives	-	-	-	-	-	-
Cover assets	34,539.9	37,974.7	36,069.2	30,337.8	33,592.5	31,900.8
of which cover loans	33,537.6	36,819.7	34,978.8	29,698.8	32,871.3	31,205.6
of which cover assets Art. 19 (1)
No. 1, 2, 3 PfandBG	1,002.3	1,154.9	1,090.4	639.0	721.2	695.2
of which derivatives	-	-	-	-	-	-
Risk-adjusted net present value after
interest rate stress test			14,249.0			10,605.0
Loss from currency stress test			-			-
Cover surplus	13,041.7	15,255.3	14,249.0	9,321.3	11,215.7	10,605.0

• Risk-adjustednet present value including currency stress test.

Art. 28 (1) no. 2 PfandBG | €m	31.03.2021	31.03.2020
Mortgage Pfandbriefe outstanding with a residual term of
up to 6 months	632.7	609.8
over 6 months up to 12 months	1,147.0	810.7
over 12 months up to 18 months	2,622.0	630.5
over 18 months up to 2 years	1,198.0	1,147.0
over 2 years up to 3 years	2,781.5	3,820.0
over 3 years up to 4 years	1,713.0	2,781.5
over 4 years up to 5 years	3,801.5	1,718.0
over 5 years up to 10 years	6,191.5	8,088.0
over 10 years	1,411.0	1,411.0
Total	21,498.2	21,016.5
Cover assets mortgage Pfandbriefe with a residual fixed interest period of
up to 6 months	1,127.0	1,312.2
over 6 months up to 12 months	960.9	850.2
over 12 months up to 18 months	1,420.7	1,174.3
over 18 months up to 2 years	1,407.5	1,029.2
over 2 years up to 3 years	3,548.4	2,928.4
over 3 years up to 4 years	4,138.6	3,385.1
over 4 years up to 5 years	3,798.1	3,916.0
over 5 years up to 10 years	15,704.4	13,996.8
over 10 years	2,434.2	1,745.6
Total	34,539.9	30,337.8

Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz

31 March 2021 | Page 2

Art. 28 (1) no. 4, 5, 6 PfandBG
Other cover assets | €m			31.03.2021		31.03.2020
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			343.3		-
Austria			79.0		124.0
Spain			90.0		90.0
Czech Republic			-		-
Total			1,002.3		639.0
Total			1,002.3		639.0
Art. 28 (2) no. 1 a PfandBG
Size categories | €m			31.03.2021		31.03.2020
Up to €0.3m			25,606.8		22,801.5
over €0.3m up to €1m			5,985.8		5,231.3
over €1m up to €10m			1,128.4		1,009.0
over €10m			816.6		657.1
Total			33,537.6		29,698.8
Art. 28 (2) no. 1 b and c PfandBG
Mortgage Pfandbriefe by country and type of
use | €m		31.03.2021		31.03.2020
Germany		Commercial	Residential	Commercial	Residential
Flats		-	9,192.9	-	7,916.8
Single family house		-	19,768.4	-	17,624.0
Multi-dwellings		-	3,757.0	-	3,388.5
Office buildings		504.5	-	442.1		-
Retail buildings		178.9	-	175.2		-
Industrial buildings		0.2	-	0.2		-
Other commercially used real estate		135.7	-	151.4		-
Unfinished new buildings not yet generating
income		-	0.0	-	0.6
Building sites		-	-	-	-
Total		819.3	32,718.3	768.9		28,930.0

Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz

31 March 2021 | Page 3

Art. 28 (1) no. 10 PfandBG
Foreign currency | €m	31.03.2021	31.03.2020
Net present value	-	-
Art. 28 (1) no. 9 PfandBG
Interest structure | %	31.03.2021	31.03.2020
Share of fixed-income cover assets	98.5	99.0
Share of fixed-income Pfandbriefe	81.4	90.0
Art. 28 (1) no. 8 PfandBG
Limit breaches | €m	31.03.2021	31.03.2020
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	31.03.2021	31.03.2020
Average age of the loans weighted by value, in years (seasoning)	4.8	4.7
Average weighted loan-to-value ratio in %	52.6	52.7
Art. 28 (2) no. 2 PfandBG
Payments in arrear Germany | €m	31.03.2021	31.03.2020
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	-	-

Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz

31 March 2021 | Page 4

Public Pfandbriefe

Art. 28 (1) no. 1 and 3 PfandBG | €m		31.03.2021				31.03.2020
			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	12,192.6	14,478.0	13,881.4	10,975.4	13,574.2	12,888.8
of which Pfandbriefe outstanding	12,192.6	14,478.0	13,881.4	10,975.4	13,574.2	12,888.8
of which derivatives	-	-	-		-		-	-
Cover assets	13,137.3	17,202.7	14,574.3	11,859.5	17,059.2	14,781.1
of which loans for export finance	2,126.4	2,240.3	2,175.9	2,269.4	2,414.5	2,351.9
of which cover assets Art. 20 (1)
PfandBG	13,063.0	17,109.7	14,486.2	11,773.5	16,950.5	14,678.4
of which cover assets Art. 20 (2)
PfandBG	74.3	93.0	88.1	86.0	108.7	102.8
of which derivatives	-	-	-		-		-	-
Risk-adjusted net present value after
interest rate stress test			1,050.5					2,494.4
Loss from currency stress test			-357.7					-602.1
Cover surplus	944.7	2,724.7	692.8	884.2	3,485.0	1,892.3
1 Risk-adjusted net present value including currency stress test.
Art. 28 (1) no. 2 PfandBG | €m					31.03.2021		31.03.2020
Public Pfandbriefe outstanding with a residual term of
up to 6 months						84.4		444.4
over 6 months up to 12 months						207.7		244.5
over 12 months up to 18 months						228.0		82.0
over 18 months up to 2 years						3,035.0		206.2
over 2 years up to 3 years						1,316.7		3,263.0
over 3 years up to 4 years						1,579.5		1,315.4
over 4 years up to 5 years						2,772.9		1,638.9
over 5 years up to 10 years						1,257.9		1,787.6
over 10 years						1,710.4		1,993.4
Total						12,192.6		10,975.4
Cover assets public Pfandbriefe with a residual fixed interest period of
up to 6 months						434.0		482.8
over 6 months up to 12 months						469.9		620.2
over 12 months up to 18 months						627.2		298.7
over 18 months up to 2 years						434.5		296.0
over 2 years up to 3 years						953.8		835.2
over 3 years up to 4 years						937.0		776.2
over 4 years up to 5 years						885.1		654.6
over 5 years up to 10 years						3,722.4		3,434.7
over 10 years						4,673.4		4,461.2
Total						13,137.3		11,859.5

Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz

31 March 2021 | Page 5

Art. 28 (1) no. 4 and 5 PfandBG
Other cover assets | €m	31.03.2021	31.03.2020
Equalisation claims as defined by Art. 20 (2) no. 1 Pfandbriefgesetz
Germany	-	-
Total	-	-
Loans as defined by Art. 20 (2) no. 2 Pfandbriefgesetz
Germany	74.3	86.0
of which covered bonds as defined by Art. 129 of EU Regulation 575/2013	-	-
Netherlands	-	-
of which covered bonds as defined by Art. 129 of EU Regulation 575/2013	-	-
Total	74.3	86.0
Total	74.3	86.0
Art. 28 (3) no.1 PfandBG
Size categories | €m	31.03.2021	31.03.2020
up to €10m	823.1	253.0
over €10m up to €100m	4,078.7	2,886.9
over €100m	8,161.1	8,633.6
Total	13,063.0	11,773.5
Art. 28 (1) no. 10 PfandBG
Foreign currency | €m	31.03.2021	31.03.2020
Net present value in Swiss francs	475.3	594.2
Net present value in British pounds	2,221.1	3,810.0
Net present value in Australian dollars	-	8.7
Net present value in US dollars	849.4	984.5
Art. 28 (1) no. 9 PfandBG
Interest structure | %	31.03.2021	31.03.2020
Share of fixed-income cover assets	74.0	68.0
Share of fixed-income Pfandbriefe	40.1	51.2
Art. 28 (1) no. 8 PfandBG
Limit breaches | €m	31.03.2021	31.03.2020
Total amount of loans that exceed the limits defined by Art. 20 (2) PfandBG	-	-
Art. 28 (3) no. 3 PfandBG
Payments in arrear | €m	31.03.2021	31.03.2020
Total payments overdue by at least 90 days	-	-
Total amount of these receivables where the arrears represent
at least 5% of the receivable concerned	-	-