COMMERZBANK AKTIENGESELLSCHAFT

246 Commerzbank Interim Report as of June 30, 2009
6. Commercial Real Estate
Exposure at Default by object type
in € bn
Risk density
in bp
110
Commercial Real Estate 46 bp
24
Changes in market values:
32
12 Residential real estate
28 Office space
22 Commerce
4 Hotel
28 Ship financing
16 Other
DK HU IT
BE CZ DE ESP NL PL PT SE TR
FR MX
US
JPN RUS UK
We are submitting all regional sub-portfolios to quarterly
scenario analyses, based on expected rating migrations and
market value forecasts for specific uses in order to identify
and counter any related credit risks at an early stage.
39
45
61
69
Rating breakdown
1.0 – 1.8
2.0 – 2.8
3.0 – 3.8
4.0 – 4.8
5.0 – 5.8
3 %
6 %
12 months review 12 months outlook
>=25 %
20 %
15 %
10 %
5%
0%
–5%
– 10 %
– 15 %
– 20 %