COMMERZBANK AG
Q1 2020 in % Q4 2020 in % 2020
Net interest income 1,254 1,320 -5.0 1,151 +8.9 4,975
Net commission income 951 877 +8.5 837 +13.7 3,317
Net fair value result* 360 -304 - 182 +97.4 66
Other income -73 -42 -75.2 -142 +48.2 -172
Revenues 2,492 1,851 +34.6 2,029 +22.8 8,186
Revenues excl. exceptional items 2,308 2,024 +14.0 2,048 +12.7 8,447
Risk result -149 -326 +54.4 -681 +78.2 -1,748
Operating expenses 1,469 1,503 -2.3 1,609 -8.7 6,160
Compulsory contributions 336 301 +11.9 67 - 512
Operating profit or loss 538 -278 - -328 - -233
Impairments on goodwill and - - - 1,578 - 1,578
other intangible assets
Restructuring charges 465 - - 614 -24.3 814
Pre-tax profit or loss (discontinued operations) - 44 - -10 - 30
Pre-tax profit or loss (Group) 73 -234 - -2,530 - -2,597
Taxes -83 48 - 199 - 264
Minorities 23 8 - -26 - 9
Consolidated profit or loss** 133 -291 - -2,702 - -2,870
Cost-income ratio in operating business 59.0 81.2 - 79.3 - 75.2
excl. compulsory contributions (%)
Cost-income ratio in operating business 72.5 97.4 - 82.6 - 81.5
incl. compulsory contributions (%)
Operating RoTE (%) 7.8 -4.1 - -4.6 - -0.8
Net RoTE (%)*** 1.5 -4.8 - -43.9 - -11.7
Net RoE (%) 1.5 -4.4 - -40.5 - -10.7
CET 1 ratio (%)*** 13.4 13.2 - 13.2 - 13.2
Leverage ratio 4.7 4.8 - 4.9 - 4.9
Total assets (EURbn) 538 517 - 507 - 507 * Net income from financial assets and liabilities measured at fair value through profit and loss. ** Consolidated profit or loss attributable to Commerzbank shareholders and investors in additional equity components. *** Reduced by potential dividend accrual and potential (fully discretionary) AT1 coupons.
Press contact Sascha Ullrich +49 69 136-82349 Erik Nebel +49 69 136-44986 Sina Weiß +49 69 136-27977
About Commerzbank Commerzbank is the leading bank for the German Mittelstand and a strong partner for around 30,000 corporate client groups and around 11 million private and small-business customers in Germany. The Bank's two Business Segments - Private and Small-Business Customers and Corporate Clients - offer a comprehensive portfolio of financial services. Commerzbank transacts approximately 30 per cent of Germany's foreign trade and is present internationally in almost 40 countries in the corporate clients' business. The Bank focusses on the German Mittelstand, large corporates, and institutional clients. As part of its international business, Commerzbank supports clients with German connectivity and companies operating in selected future-oriented industries. Following the integration of Comdirect, private and small-business customers benefit from the services offered by one of Germany's most advanced online banks combined with personal advisory support on site. Its Polish subsidiary mBank S.A. is an innovative digital bank that serves approximately 5.5 million private and corporate customers, predominantly in Poland, but also in the Czech Republic and Slovakia. In 2020, Commerzbank generated gross revenues of some EUR8.2 billion with almost 48,000 employees.
Disclaimer This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts. In this release, these statements concern inter alia the expected future business of Commerzbank, efficiency gains and expected synergies, expected growth prospects and other opportunities for an increase in value of Commerzbank as well as expected future financial results, restructuring costs and other financial developments and information. These forward-looking statements are based on the management's current plans, expectations, estimates and projections. They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from any future results and developments expressed or implied by such forward-looking statements. Such factors include the conditions in the financial markets in Germany, in Europe, in the USA and other regions from which Commerzbank derives a substantial portion of its revenues and in which Commerzbank holds a substantial portion of its assets, the development of asset prices and market volatility, especially due to the ongoing European debt crisis, potential defaults of borrowers or trading counterparties, the implementation of its strategic initiatives to improve its business model, the reliability of its risk management policies, procedures and methods, risks arising as a result of regulatory change and other risks. Forward-looking statements therefore speak only as of the date they are made. Commerzbank has no obligation to update or release any revisions to the forward-looking statements contained in this release to reflect events or circumstances after the date of this release. -----------------------------------------------------------------------------------------------------------------------
2021-05-12 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------
Language: English
Company: Commerzbank Aktiengesellschaft
Kaiserstraße 16
60311 Frankfurt am Main
Germany
Phone: +49 (069) 136 20
Fax: -
E-mail: pressestelle@commerzbank.com
Internet: www.commerzbank.de
ISIN: DE000CBK1001
WKN: CBK100
Indices: MDAX, CDAX, HDAX, PRIMEALL
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1195432
End of News DGAP News Service
=------------ 1195432 2021-05-12
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May 12, 2021 01:01 ET (05:01 GMT)
