COMMERZBANK AKTIENGESELLSCHAFT

To our Shareholders Corporate Responsibility Management Report Risk Report Group Financial Statements Further Information 139
83
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
Assets I €m 31.12.2011 31.12.2010 Change
in %
Claims on banks 87,790 110,616 – 20.6
Claims on customers 296,586 327,755 – 9.5
Assets held for trading purposes 155,700 167,825 – 7.2
Financial investments 94,523 115,708 – 18.3
Other assets 27,164 32,395 – 16.1
Total 661,763 754,299 – 12.3
Liabilities and equity I €m 31.12.2011 31.12.2010 Change
in %
Liabilities to banks 98,481 137,626 – 28.4
Liabilities to customers 255,344 262,827 – 2.8
Securitized liabilities 105,673 131,356 – 19.6
Liabilities from trading activities 137,847 152,393 – 9.5
Other liabilities 39,615 41,439 – 4.4
Equity 24,803 28,658 – 13.5
Total 661,763 754,299 – 12.3
Table 2
On the liabilities side, liabilities from banks fell sharply by €39.1bn to €98.5bn; this included
a large €25.0bn fall in collateralised money market transactions such as repos and cash collaterals
as well as a €9.9bn drop in money market trading. The fall in volume was almost entirely
due to liabilities to banks abroad. Liabilities to customers decreased slightly year-onyear
by 2.8% to €255.3bn. A €7.2bn rise in deposits from German customers was offset by a
steep decline abroad. Securities liabilities were €25.7bn lower year-on-year at €105.7bn.
Bonds and notes fell by €16.0bn to €100.3bn. This was attributable mainly to the sharp
€13.5bn drop in public-sector Pfandbriefe to €35.0bn due to maturities in the short-term
range at Eurohypo AG. Money market paper fell €9.8bn to €5.2bn. Liabilities from trading
activities were down €14.5bn to €137.8bn. This was mainly because of fewer delivery obligations
from short sales of securities and the decline in negative fair values attributable to
derivative interest rate instruments.
Off balance sheet liabilities were also lower compared to the prior year, with contingent
liabilities falling slightly by €0.9bn to €37.2bn and irrevocable lending commitments
decreasing by €6.7bn to €53.9bn.
Overall, Commerzbank took an important step on its way to further reducing volumes and
risks by reporting a balance sheet volume at December 31, 2011 of €661.8bn. We are therefore
now well below the EU Commission’s requirement to cut consolidated total assets to approximately
€900bn by 2012. The reduction in total assets affected the Corporates & Markets segment
in particular through lower trading activities and the Public Finance division in the Asset
Based Finance segment.
Group Management Report