SREP 2016 completed

December 13 2016

Commerzbank has received the decision from the European Central Bank (ECB) in the Supervisory Review and Evaluation Process (SREP). This determines the capital requirements for 2017. The Common Equity Tier 1 Requirement for 2017 for Commerzbank is 8.5 % (2016: 10.25 %).

The requirements comprise the Pillar 1 Minimum of 4.5 %, the Pillar 2 Requirement of 2.25 %, the Capital Conservation Buffer of 1.25 % and the Domestic Systemically Important Banks Buffer (D-SIB/O-SII) of 0.5 %. The currently insignificant Countercyclical Buffer is not included.

The ratio of 8.5 % compares with the CET1 ratio of 13.6 % to Basel 3 transitional rules as of 30 September 2016.

The CET1 ratio requirement with the full application of Basel 3 (valid as of 2019) for Commerzbank is 10.75 %, assuming a constant Pillar 2 Requirement. The difference from the requirement for 2017 results from full application of the D-SIB (O-SII) amounting to 1.5 % and the Capital Conservation Buffer amounting to 2.5 %. This requirement compares with the CET1 ratio of 11.8 % with full application of Basel 3 as of 30 September 2016.

In its decision the ECB has lowered its requirements on Commerzbank’s Common Equity Tier 1 Requirement in a year-on-year comparison. For 2016 it had set the hurdles in the SREP at 10.25 % (Basel 3 transitional rules) and 11.75 % (Basel 3 full application).

In the SREP the ECB lays down individual capital buffers for relevant banks to further strengthen the resilience of the institutions to external shocks and increase the stability of the financial system.

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Commerzbank AG, GM-C Corporate Communications

About Commerzbank

Commerzbank is a leading international commercial bank with branches and offices in more than 50 countries. With the two business segments Private and Small Business Customers, as well as Corporate Clients the Bank offers a comprehensive portfolio of financial services which is precisely aligned to the clients’ needs. Commerzbank finances more than 30 per cent of Germany’s foreign trade and is the unchallenged leader in financing for SMEs. The Commerzbank subsidiaries Comdirect in Germany and M Bank in Poland are two of the world’s most innovative online banks. With approximately 1,000 branches Commerzbank has one of the densest branch networks among German private banks. In total, Commerzbank boasts more than 16 million private customers, as well as 1 million business and corporate clients. The Bank, which was founded in 1870, is represented at all the world’s major stock exchanges. In 2015, it generated gross revenues of almost 9.8 billion Euro with approximately 51,300 employees.


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