Commerzbank AG 2016 EU-wide Transparency Exercise Summary
Core Information
Bank Name: Commerzbank AG
LEI Code: 851WYGNLUQLFZBSYGB56
Country Code: DE
Exercise Year: 2016
Reporting Periods: As of 31/12/2015 and 30/06/2016
Capital Structure (Transitional Period)
Own Funds
Total Own Funds:
31/12/2015: 32,803 mln EUR
30/06/2016: 32,552 mln EUR
Common Equity Tier 1 (CET1) Capital:
31/12/2015: 27,303 mln EUR
30/06/2016: 26,303 mln EUR
CET1 Capital Components
Component
31/12/2015
30/06/2016
Capital instruments eligible as CET1 Capital
18,409
18,403
Retained earnings
11,393
11,205
Accumulated other comprehensive income
-596
-900
Other Reserves
-182
-293
Funds for general banking risk
0
0
Minority interest given recognition in CET1 capital
485
627
Adjustments to CET1 due to prudential filters
-487
-620
Intangible assets (including Goodwill)
-3,215
-3,229
DTAs that rely on future profitability
-451
-409
IRB shortfall of credit risk adjustments
-661
-778
Defined benefit pension fund assets
-387
-406
Reciprocal cross holdings in CET1 Capital
0
0
Excess deduction from ATI items over ATI Capital
0
0
Deductions related to assets which can alternatively be subject to a 1.250% risk weight
-301
-265
Additional deductions of CET1 Capital due to Article 3 CRR
0
0
CET1 Capital elements or deductions - other
0
0
Transitional adjustments
3,296
3,152
Tier 1 and Tier 2 Capital
Tier 1 Capital: 27,303 mln EUR (31/12/2015) and 26,303 mln EUR (30/06/2016)
Tier 2 Capital: 5,499 mln EUR (31/12/2015) and 6,249 mln EUR (30/06/2016)
Capital Ratios (Transitional Period)
Common Equity Tier 1 Capital Ratio:
31/12/2015: 13.77%
30/06/2016: 13.21%
Tier 1 Capital Ratio:
31/12/2015: 13.77%
30/06/2016: 13.21%
Total Capital Ratio:
31/12/2015: 16.55%
30/06/2016: 16.35%
CET1 Capital Fully Loaded
CET1 Capital (Fully loaded):
31/12/2015: 24,007 mln EUR
30/06/2016: 23,150 mln EUR
CET1 Capital Ratio (Fully loaded):
31/12/2015: 12.13%
30/06/2016: 11.64%
Risk Exposure Amounts
Total Risk Exposure Amount:
31/12/2015: 198,232 mln EUR
30/06/2016: 199,070 mln EUR
Breakdown of Risk Exposure Amounts
Risk Type
31/12/2015
30/06/2016
Credit Risk
159,402
155,459
Securitisation and Re-securitisations in Banking Book
3,022
3,210
Contributions to Default Fund of a CCP
7
199
Other Credit Risk
156,373
152,050
Market Risk (Position, FX, Commodities):
10,825
13,311
- Securitisation and Re-securitisations in Trading Book
4
3
Credit Valuation Adjustment
6,602
5,971
Operational Risk
21,398
24,327
Other Risk Exposure Amounts
6
3
Profit and Loss (P&L)
Total Operating Income (Net):
31/12/2015: 9,911 mln EUR
30/06/2016: 4,454 mln EUR
Key P&L Components
Item
31/12/2015
30/06/2016
Interest Income
9,938
4,730
- Debt Securities Income
2,012
965
- Loans and Advances Income
7,787
3,593
Interest Expenses
5,720
2,467
- Deposits Expenses
3,149
1,419
- Debt Securities Issued Expenses
2,267
894
Dividend Income
1,293
92
Net Fee and Commission Income
3,396
1,607
Gains or (-) Losses on Derecognition
466
187
Gains or (-) Losses on Trading Assets
514
378
Gains or (-) Losses on FVTPL Assets
112
-21
Gains or (-) Losses from Hedge Accounting
-60
-57
Exchange Differences
-34
2
Net Other Operating Income/(Expenses)
6
4
Profit or Loss
Profit or Loss Before Tax from Continuing Operations:
31/12/2015: 1,781 mln EUR
30/06/2016: 609 mln EUR
Profit or Loss After Tax from Continuing Operations:
31/12/2015: 1,169 mln EUR
30/06/2016: 469 mln EUR
Profit or Loss for the Year:
31/12/2015: 1,169 mln EUR
30/06/2016: 469 mln EUR
Market Risk
Total Risk Exposure Amount:
31/12/2015: 906 mln EUR
30/06/2016: 734 mln EUR
Market Risk Components
Risk Type
31/12/2015
30/06/2016
Traded Debt Instruments
410
365
- General Risk
332
286
- Specific Risk
68
78
Equities
2
3
- General Risk
1
2
- Specific Risk
1
1
Foreign Exchange Risk
494
366
Commodities Risk
0
0
Credit Risk - Standardised Approach
Risk Exposure Amounts
Total Risk Exposure Amount:
31/12/2015: 27,594 mln EUR
30/06/2016: 25,400 mln EUR
Country-wise Breakdown
Germany
Risk Type
31/12/2015
30/06/2016
Central Governments or Central Banks
10,053
10,180
Regional Governments or Local Authorities
18,185
16,852
Public Sector Entities
8,892
11,010
Institutions
3,849
3,370
Corporates
4,304
3,136
- SME
93
105
Retail
4,578
4,501
- SME
92
100
Secured by Mortgages
711
180
- SME
10
7
Exposures in Default
164
95
Items with High Risk
126
120
Covered Bonds
1
1
CIU
1,257
2,778
Equity
671
569
Other Exposures
4,026
3,499
Poland
Risk Type
31/12/2015
30/06/2016
Central Governments or Central Banks
8,155
8,021
Regional Governments or Local Authorities
295
267
Public Sector Entities
26
25
Institutions
15
31
Corporates
2,775
2,577
- SME
733
608
Retail
231
291
- SME
8
8
Secured by Mortgages
972
1,141
- SME
0
1
Exposures in Default
182
187
Items with High Risk
0
0
CIU
1
1
Equity
72
61
Other Exposures
113
113
United Kingdom
Risk Type
31/12/2015
30/06/2016
Central Governments or Central Banks
205
878
Regional Governments or Local Authorities
4,419
4,824
Institutions
1,176
922
Corporates
4,112
3,761
- SME
92
110
Retail
9
9
- SME
0
0
Secured by Mortgages
3
22
Exposures in Default
2
1
Items with High Risk
1
7
CIU
31
9
Equity
185
157
Other Exposures
113
113
Notes
The Standardised Approach for credit risk calculates risk exposure based on original exposure and exposure value, without considering credit conversion factors or mitigation techniques.
Value adjustments and provisions are included in the calculation but are not reported for securitisation exposures.
The fully loaded CET1 capital ratio is calculated using a specific formula based on the CET1 capital and total risk exposure amount.
