COMMERZBANK AKTIENGESELLSCHAFT

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Commerzbank AG
Managing opportunities at Commerzbank
The weak economic environment expected in 2012 also presents Commerzbank with a
range of challenges. The overarching issue is to ensure capital adequacy levels that sat-
isfy the European Banking Authority’s requirements. The Bank will also concentrate even
more on core activities. We will therefore provide Mittelstand customers in Germany with
even better support, in order to expand our market position in this segment, but we will also
have to withdraw from public finance. If the markets’ loss of confidence in the public finances
cannot be stemmed or starts to spread, the functioning of the interbank market and banks’
funding options will be affected, both with the central bank and private investors, i.e. through
the effects of contagion on banks and through loss of confidence in the banking system.
But even in an unfavourable economic environment, the Bank has many opportunities to
improve its market position. We have presented the specific opportunities that have been
identified in the “Segment performance of Commerzbank Aktiengesellschaft” section.