COMMERZBANK AKTIENGESELLSCHAFT

27 Commerzbank Interim Report as of June 30, 2009
(3) Net commission income
in € m 1.1.–30.6.2009 1.1.–30.6.2008 Change in %
Securities transactions 24 507 23.1
Asset management 123 217 –43.3
Payment transactions and foreign commercial business 41 25 2.5
Real-estate lending business 89 1 1 –44.7
Guarantees 124 94 31.9
Income from syndicated business 121 57 .
Trust transactions at third-party risk 2 2 0.0
Other net commission income 298 155 92.3
Total 1 1,797 1,449 24.0
1 of which commissions paid: €385m (previous year: €285m)
Net commission income includes €358m from transactions in financial instruments that are not measured at fair value through
profit or loss.
(4) Trading profit
in € m 1.1.–30.6.2009 1.1.–30.6.2008 Change in %
Net result on trading 18 599 –97.0
Net result on the valuation of derivative financial instruments –834 – 8 .
Net result on hedge accounting –3 8 .
Net result from applying the fair value option 389 9 .
Total –430 548 .