COMMERZBANK AKTIENGESELLSCHAFT

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Group Management Report 126 70 Commerzbank Annual Report 2011 Contents 127 71 Business and overall conditions 127 71 Structure and organisation 128 72 Corporate Management 128 72 Remuneration Report 128 72 Details pursuant to Art. 315 (4) of the German Commercial Code (HGB) and explanatory report 128 72 Details pursuant to Art. 315 (2) (No. 5) of the German Commercial Code (HGB) 129 73 Business environment 131 75 Important business policy events 135 79 Earnings performance, assets and financial position 135 79 Income statement of the Commerzbank Group 138 82 Consolidated balance sheet 141 85 Liquidity and funding of the Commerzbank Group 145 89 Summary of 2011 business position 147 91 Segment performance 147 91 Private Customers 101 157 Mittelstandsbank 109 165 Central & Eastern Europe 119 175 Corporates & Markets 127 183 Asset Based Finance 134 190 Portfolio Restructuring Unit 136 192 Others and Consolidation 193 137 Our employees 199 143 Report on events after the reporting period 200 144 Outlook and opportunities report 144 200 Future economic situation 145 201 Future situation in the banking sector 147 203 Expected development in significant items in the income statement 147 203 Financial outlook for the Commerzbank Group 152 208 Managing opportunities at Commerzbank 153 209 General statement on the outlook for the Commerzbank Group 154 210 Group Risk Report
To our Shareholders Corporate Responsibility Management Report Risk Report Group Financial Statements Further Information 127 71 127 71 Business and overall conditions 135 79 Earnings performance, assets and financial position 147 91 Segment performance 137 193 Our employees 143 199 Report on events after the reporting period 144 200 Outlook and opportunities report Business and overall conditions Structure and organisation Commerzbank Aktiengesellschaft is Germany’s second largest bank, one of its leading banks for private and corporate customers and a major financial institution within Europe. Our customers have around 1,200 branches at their disposal, one of the densest networks of any private-sector bank in Germany. Commerzbank serves a total of around 15 million private customers and 1 million business and corporate customers worldwide. Commerzbank aims to continue strengthening its position as market leader in the private and corporate customer segments in Germany. The focus of our activities is on the four core segments Private Customers, Mittelstandsbank, Corporates & Markets and Central & Eastern Europe, which are at the heart of Commerzbank. Other segments that are not part of the core bank are Asset Based Finance and Portfolio Restructuring Unit. Each of the segments is managed by a member of the Board of Managing Directors. All staff and management functions are contained in Group Management: Group Audit, Group Communications, Group Compliance, Group Development & Strategy, Group Finance, Group Finance Architecture, Group Human Resources, Group Investor Relations, Group Legal, Group Treasury and central risk functions. The support functions are provided by Group Services. These include Group Banking Operations, Group Markets Operations, Group Information Technology, Group Organisation, Group Security and Group Support. The “Commerzbank Excellence” programme has been set up under the joint leadership of Group Management and Group Services. The responsibilities of the Board of Managing Directors are also clearly defined for all these functional units. The staff, management and support functions are combined in the Others and Consolidation division for external reporting purposes. On the domestic market, Commerzbank Aktiengesellschaft is headquartered in Frankfurt am Main, from where it manages a nationwide branch network through which all customer groups are served. Its major German subsidiaries are Eurohypo AG, comdirect bank AG, Commerz Real AG and Deutsche Schiffsbank AG, which will be merged into Commerzbank in 2012. Outside of Germany, the Bank has 8 material subsidiaries, 25 operational foreign branches and 33 representative offices in 51 countries and is represented in all the major financial centres such as London, New York, Tokyo, Hong Kong and Singapore. However, the focus of the Bank’s international activities is in Europe. Commerzbank prepares consolidated financial statements which, in addition to Commerzbank Aktiengesellschaft as operating lead company, incorporate all material subsidiaries in which the Bank holds more than 50% of the voting rights or exercises control in another manner. The financial year is the calendar year. › Responsibilities of the Board of Managing Directors Page 16 f. › Commerzbank Group structure Page C4 › Commerzbank worldwide Page C5 Group Management Report
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Fourth Supplement dated April 13, 2
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Financial Statements and Management
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Corporate Responsibility One bank.
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Environment As a financial services
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In a joint initiative by the overal
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Performance-related remuneration Th
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The members of the Board of Managin
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The monthly amount of the retiremen
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tion for the remainder of his term
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Loans to members of the Board of Ma
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Other details D&O liability insuran
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Details pursuant to Art. 289 of the
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up to five years effective from the
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The Supervisory Board oversees fina
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• Statements on presentation in t
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Since summer 2011, the environment
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At the beginning of December, Comme
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The changes in the individual earni
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As with the change in other assets
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Report on events after the reportin
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We assume that Germany will fare be
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the resulting impact on financial i
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The Asset Based Finance segment was
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Risk report Risk reporting takes pl
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Risk strategy and risk management T
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Macroeconomic stress tests are also
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Overview of management instruments
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The “reduction” area comprises
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Corporates & Markets This segment c
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Public Finance Commerzbank’s Asse
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Portfolio by region as at 31.12.201
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and Europe (CLOs). The exposure in
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In 2011, provisions in Central & Ea
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of the overdraft starts on the firs
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The year 2011 was mainly affected b
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The adjoining diagram documents the
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Available net liquidity in the comb
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To our Shareholders Corporate Respo
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Group Risk Report In the Group Risk
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Group Financial Statements Our Grou
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Recent developments Optimisation of
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COMMERZBANK AKTIENGESELLSCHAFT Fran
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Jahresabschluss und Lagebericht 201
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