COMMERZBANK AKTIENGESELLSCHAFT

To our Shareholders Corporate Responsibility Management Report Risk Report Group Financial Statements Further Information 251 307
258 202 Statement of comprehensive income
260 204 Balance sheet
262 206 Statement of changes in equity
264 208 Cash flow statement
266 210 Notes
409 353 Auditors’ report
(49) Loan loss provisions
Provisions for loan losses are made in accordance with rules that
apply Group-wide and cover all discernible credit risks. For loan
losses which have already occurred but are not yet known, we
€m
As at
1.1.2011
have calculated portfolio valuation allowances in line with
procedures derived from the Basel II methodology. The
breakdown of loan loss provisions is as follows:
Allocations Reversals Utilisation Change in the
group of
consolidated
companies
Exchange rate
changes/
reclassifications
As at
31.12.2011
Provisions for on-balance sheet
loan losses 9,457 3,055 2,003 2,129 – 54 – 171 8,155
Claims on banks 340 47 51 53 – – 41 242
Claims on customers
Provisions for off-balance sheet
9,117 3,008 1,952 2,076 – 54 – 130 7,913
loan losses 615 412 486 7 – – 26 508
Total 10,072 3,467 2,489 2,136 – 54 – 197 8,663
With direct write-downs, write-ups and recoveries on claims written down taken into account, the allocations and reversals recognised
in profit or loss resulted in provisions of €1,390m (previous year: €2,499m).
Valuation allowances for
Valuation allowances for Valuation allowances total
specific risks
portfolio risks
€m 2011 2010 2011 2010 2011 2010 Change in %
As at 1.1. 8,361 8,345 1,096 1,464 9,457 9,809 – 3.6
Allocations 2,893 3,894 162 243 3,055 4,137 – 26.2
Deductions 3,669 3,888 463 649 4,132 4,537 – 8.9
of which utilised 2,129 2,631 – – 2,129 2,631 – 19.1
of which reversals
Changes in the group of
1,540 1,257 463 649 2,003 1,906 5.1
consolidated companies
Exchange rate
– 53 – – 1 – – 54 – .
changes/reclassifications – 166 10 – 5 38 – 171 48 .
As at 31.12. 7,366 8,361 789 1,096 8,155 9,457 – 13.8
Provisions for specific risks Provisions for portfolio risks Provisions for lending
business
€m 2011 2010 2011 2010 2011 2010 Change in %
As at 1.1. 384 364 231 278 615 642 – 4.2
Allocations 357 207 55 96 412 303 36.0
Deductions 368 166 125 142 493 308 60.1
of which utilised 7 7 – – 7 7 0.0
of which reversals
Changes in the group of
361 159 125 142 486 301 61.5
consolidated companies
Exchange rate
– – – – – – .
changes/reclassifications – 24 – 21 – 2 – 1 – 26 – 22 18.2
As at 31.12. 349 384 159 231 508 615 – 17.4
Group Financial Statements