Commerzbank, Manfred Knof, CEO & Bettina Orlopp, CFO, Frankfurt
All figures in this presentation are subject to rounding
Manfred Knof
CEO
4 August 2023
Commerzbank, Manfred Knof, CEO, Frankfurt
1
On track to reach our 2023 and 2024 targets
Operating Result
(€m)
1,764
1,289
H1 2022
H1 2023
Net Result
(€m)
1,145
768
H1 2022
H1 2023
CET1 ratio
(%)
13.7
14.4
H1 2022
H1 2023
Subject to approval of ECB and German Finance Agency 4 August 2023
Strong revenues from customer business
CHF mortgages in Poland well provisioned but not fully resolved
Costs on track - CIR of 61% in H1
Strong RoTE of 8.1% in H1 - full year return expected to be lower
Committed to capital return - will apply for second share buyback1
Commerzbank, Manfred Knof, CEO, Frankfurt
2
Customer business developing well
Selected highlights
Mittelstand
FX
Asset
Management
Mortgages
Cash and deposit management benefiting from good customer relationships
Top 10 globally based on state-of-the-art eFX platform for corporate clients
€10bn AuM "Yellowfin" carve-out to drive growth with clients with AuM > €30m
German new mortgage business recovering from lows
4 August 2023
Commerzbank, Manfred Knof, CEO, Frankfurt
3
Corporate Clients clearly improved capital deployment
RWA efficiency
Measures
(% 12-monthrevenue-return on credit RWA excl. NBFI and Others)
4.6
7.2
6.1
Cross-selling via data-supported sales model
5.2
Tailwind from higher rates environment
2020
2021
2022
H1 2023
Review of client relationships with low profitability
Share of credit RWA with revenue-return on total customer relationship <3%
34%
29%
26%
20%
4 August 2023
Commerzbank, Manfred Knof, CEO, Frankfurt
4
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Disclaimer
Commerzbank AG published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2023 05:08:22 UTC.
Commerzbank AG is one of the leading German banking groups. Net banking product (NBP) breaks down by activity as follows:
- retail banking and private banking (52.4%): sales of classical and specialized banking products and services (consumer loans, leasing, etc.), private banking, etc.;
- market and investment banking (33.2%): financial engineering, merger-acquisition consulting, stock operations, specialized and structured financing, capital market operations, etc.;
- other (14.4%): public works financing, specialized and structured financing, mortgage loans, etc.
At the end of 2023, the group managed EUR 419.8 billion in current credits and EUR 298.7 billion in current deposits.
COMMERZBANK AG 
