Press Release Press Release


May 15, 2009

Annual General Meeting 2009 to take key decisions

At today's Annual General Meeting key decisions on the new Commerzbank's future course will be taken by its shareholders at the Jahrhunderthalle in Frankfurt am Main-Höchst. In addition to the regular topics and the election of new members to the Supervisory Board, resolution will be held on a capital increase enabling the Financial Market Stabilization Fund (Sonderfonds Finanzmarktstabilisierung, SoFFin) to take a stake in Commerzbank.

'2008 has provided tremendous challenges for the banking industry. Commerzbank's core business, however, developed well despite the difficult environment,' said Martin Blessing, Chairman of the Board of Management of Commerzbank, in his opening speech. 'We have successfully stabilised the new Commerzbank during tough times. We know the solutions to the problems and we will continue adding to our strengths as the main bank for private and corporate customers in Germany. Provided the current crisis will not continue longer than expected, we will be in a position to again generate earnings by 2011, the latest. By 2012 we aim to return to full profitability.'

In 2008, Commerzbank (excluding Dresdner Bank) overall gained 574,000 new customers in Germany alone, thereby reaching its target of 6 million private customers one year earlier than planned. The number of customers in Central and Eastern Europe rose by more than 50% to just under 3.2 million. The trend is continuing. In the first quarter of 2009, the number of private customers increased by a further 58,000 overall, and the new Commerzbank now serves 14.5 million customers in total. In future, the corporate banking business will focus on providing services to German based clients at home and abroad. Investment Banking, too, will focus on German corporate clients and business related to the region while applying an overall risk conscious approach. Commerzbank is the clear number one for the Mittelstand segment (SME) and Germany's main export finance provider. Last year, more than EUR 46 billion was lent out to Mittelstand companies.

At the agenda of the AGM can be found.