COMMERZBANK AKTIENGESELLSCHAFT

242 Commerzbank Interim Report as of June 30, 2009
The following tables contain the key risk figures (banking
and trading book without default portfolio) for Commerzbank
as of June 30, 2009. It should be borne in mind that
the harmonization of the differences in methods and models
1 incl. Western Europe and Asia
2 incl. Shipping
1. Commerzbank Group
Exposure at Default
in € bn
Risk density (trading and banking book)
in bp
5
Commerzbank Group 32 bp
1 incl. Western Europe and Asia
2 incl. Shipping
659
21
32
101 Private Customers
116 Mittelstandsbank 1
22 Central and Eastern Europe
267 Corporates & Markets
110 Commercial Real Estate 2
42 Other and Consolidation
45
46
91
is already at an advanced stage but not yet completed. The
final allocation of individual assets to the segments had also
not been finally concluded. As a result we expect adjustment
effects in the following quarters.
Exposure at Default Risk density Expected Loss
in € bn in bp in € m
31.03.2009 30.06.2009 31.03.2009 30.06.2009 31.03.2009 30.06.2009
Private Customers 105 101 32 32 333 321
Mittelstandsbank 1 124 116 39 45 476 519
Central and Eastern Europe 24 22 70 91 170 203
Corporates & Markets 296 267 20 21 595 575
Commercial Real Estate 2 114 110 34 46 383 501
Other and Consolidation 56 42 4 5 25 22
Group 720 659 28 32 1,983 2,141
Rating breakdown
1.0 – 1.8
2.0 – 2.8
3.0 – 3.8
4.0 – 4.8
5.0 – 5.8
3 %
5 %
15 %
35 %
42 %
The EaD for Commerzbank’s trading and banking book
was €659bn as of June 30, 2009. The largest segment by
far is Corporates & Markets with an EaD of approximately
40 %. In total the portfolio was reduced by around 8 % in
the second quarter, amongst others through a decrease in
EaDs for trading transactions. The deterioration in the
general economic environment was visible in rating downgrades
throughout the portfolio, which resulted in a higher
risk density of 32 bp.