Folie 1 - Commerzbank AG
Folie 1 - Commerzbank AG
Folie 1 - Commerzbank AG
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Corporates & Markets: Best quarterly result<br />
Operating profit<br />
in € m<br />
188 169<br />
-8<br />
Ø Q2 equity<br />
allocation within<br />
Group<br />
*annualized<br />
August 9th, 2007<br />
163<br />
113<br />
Q1 Q2 Q3 Q4 Q1 Q2<br />
2006 2007<br />
Pro-forma integration of Eurohypo<br />
209<br />
174<br />
Q2`06 Q2`07<br />
Ø equity (€ m) 2,334 2,233<br />
Op. RoE* (%) 29 37<br />
CIR (%) 58 55<br />
16.5%<br />
Main P&L items<br />
in € m<br />
PF = Pro-forma integration of Eurohypo<br />
• Best ever operating RoE at 37%<br />
Q2`06 Q2`07 H1`06 H1`06 PF<br />
Net interest income 76 96 169 161 197<br />
Risk provisioning -9 -10 -20 -20 -23<br />
Commission income 38 61 86 86 106<br />
Trading profit 281 327 563 563 616<br />
Operating expenses 247 269 497 497 526<br />
Operating profit 169 209 357 349 383<br />
• Increase in fee income (q-o-q) driven by securities<br />
transactions and syndications<br />
• Trading result increased significantly (+13% q-o-q) as a result<br />
of strong equity derivatives<br />
• Net result on investments and securities portfolio at +€1m;<br />
gains from successful equity transactions neutralised by an<br />
impairment on US sub-prime exposure<br />
H1`07<br />
12
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