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Impact of Basel III RWA effects under control – active management<br />
compensates regulatory effects<br />
Basel III impact on Commerzbank<br />
RWA impact from regulatory changes of ~€75 bn expected, thereof ~€8 bn capital<br />
neutral<br />
~€ 30bn of potential RWA increase from Basel III have been already mitigated in 2010<br />
Impact will be more than offset by further management action<br />
–<br />
–<br />
–<br />
RWA development 2010 – 2014<br />
in € bn<br />
8*<br />
280<br />
Sep 2010<br />
reduction of non-core activities (ABF, PRU)<br />
pro-active management of ABS structured assets (PRU)<br />
central clearing of OTC derivatives<br />
Slight increase in RWA until 2014 is driven by growth programs in Core Bank<br />
Basel 2.5 and 3<br />
Eric Strutz CFO <br />
Frankfurt <br />
November 8th, 2010<br />
~ 75 ~ 85<br />
Management<br />
action<br />
* RWA equivalents: Tier 1 capital deductions multiplied by 12.5<br />
~ 30<br />
Growth programs<br />
Core Bank<br />
~ 300<br />
Target Dec 2014<br />
Target capital ratios<br />
Core Tier 1<br />
7.0 – 8.0%<br />
Tier 1<br />
9.0 – 10.0%<br />
Total capital<br />
10.5 - 12.5%<br />
25
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