COMMERZBANK AKTIENGESELLSCHAFT

To our Shareholders Interim Management Report Interim Financial Statements
2 9 Overall results
272 Consolidated balance sheet
273 Statement of changes in equity
274 Cash flow statement
275 Notes to the income statement
284 Notes to the balance sheet
290 Other notes
1.1.–30.6.2008 Private Mittel- Central and Corporates Commercial Others Group
Customers standsbank Eastern & Markets Real Estate and Conin
€ m Europe solidation
Net interest income 7 599 273 227 480 –53 2,193
Provision for
possible loan losses –80 –24 –43 –93 –349 – –589
Net interest income
after provisioning 587 575 230 134 131 –53 1, 04
Net commission income 700 305 103 43 213 85 1,449
Trading profit –5 2 9 485 2 –5 548
Net investment income –8 –1 0 –101 –203 15 –112
Other result –3 10 32 24 5 125
Revenue before provisioning 1,351 900 511 686 516 239 4,203
Revenue after provisioning 1,271 876 468 593 167 239 3,614
Operating expenses 1,001 427 24 557 257 207 2, 95
Operating profit 270 449 222 36 –90 32 919
Impairments of goodwill – – – – – – –
Restructuring expenses – – – 25 – – 25
Profit from ordinary activities /
Pre-tax profit 270 449 222 11 –90 32 894
Assets 56,886 77,247 27,943 323,307 85,218 44,622 615,223
Average equity tied up 1,365 2,546 1,500 3,230 3,734 2,167 14,542
Operating return on equity 1 (%) 39.6 35.3 29.6 2.2 –4.8 . 12.6
Cost / income ratio in
operating business (%) 74.1 47.4 48.1 81.2 49.8 . 64.1
Return on equity of
pre-tax profit 1 (%) 39.6 35.3 29.6 0.7 –4.8 . 12.3
Staff (average no.) 10,839 3,538 7,7 0 1,773 1, 12 11,574 37,09
1 annualized
281