COMMERZBANK AKTIENGESELLSCHAFT

To our Shareholders Corporate Responsibility Management Report Risk Report Group Financial Statements Further Information 301 357
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
The carrying values of credit risks relating to contingent liabilities and irrevocable lending commitments were as at December 31, 2011:
Contingent liabilities,
irrevocable lending commitments
€m 31.12.2011 31.12.2010
Customers and banks in Germany 43,288 46,424
Banks 749 1,374
Corporate customers 39,769 42,811
Manufacturing 10,939 15,082
Construction 1,091 1,769
Trading 4,217 3,239
Services and others 23,522 22,721
Public sector 67 379
Private Customers 2,703 1,860
Customers and banks outside Germany 48,291 52,794
Banks 9,906 9,102
Corporate and retail customers 37,691 43,051
Public sector 694 641
Sub-total 91,579 99,218
less provisions – 451 – 556
Total 91,128 98,662
The book values of credit risk concentrations in loans and
receivables, contingent liabilities and irrevocable lending
commitments listed above do not form the basis for the internal
management of credit risk, as credit risk management also takes
(89) Maximum credit risk
The maximum credit risk exposure in accordance with IFRS 7 –
excluding collateral or other credit enhancements – is equal to
the carrying amount of the relevant assets in each class, or the
nominal value in the case of irrevocable lending commitments
account of collateral, probabilities of default and other economic
factors. To this extent these amounts are therefore not
representative of the Bank’s assessment of its actual credit risk.
and contingent liabilities. The table below shows the carrying
amounts or nominal values of financial instruments with a
potential default risk:
Maximum credit risk | €m 31.12.2011 31.12.2010 Change in %
Bonds, notes and other interest-rate-related securities under 114,492 145,608 – 21.4
Trading assets 21,966 32,115 – 31.6
Financial investments 92,526 113,493 – 18.5
Claims on banks 88,032 110,956 – 20.7
Claims on customers 304,499 336,872 – 9.6
Positive fair values of derivative financial instruments 128,739 128,704 0.0
Trading assets 123,607 123,743 – 0.1
Hedging instruments under IAS 39 5,132 4,961 3.4
Other trading assets 424 263 61.2
Irrevocable lending commitments 53,911 60,566 – 11.0
Contingent liabilities 37,217 38,096 – 2.3
Group Financial Statements