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Commerzbank AG — Earnings Release 2011
May 2, 2011
81_rns_2011-05-02_7c521508-6b49-4d29-9f05-39f7c5fc935f.html
Earnings Release
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News Details
Ad-hoc | 2 May 2011 10:52
Pre-announcement on Commerzbank’s Q1 2011 results:
Commerzbank AG / Key word(s): Quarter Results
02.05.2011 10:52
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Pre-announcement on Commerzbank’s Q1 2011 results:
According to its preliminary figures, Commerzbank generated an operating
profit of approx. EUR 1.1 billion in the first quarter of 2011. Gross
revenues were approx. EUR 3.6 billion. At approx. EUR 320 million, loan
loss provisions were significantly lower year-on-year. Operating expenses
declined slightly to less than EUR 2.2 billion, while net profit was
approx. EUR 1.0 billion.
All segments of the core bank reported positive results for the months
January to March 2011, together generating an operating profit of approx.
EUR 1.2 billion in the period. This sum includes one-off revenues of
approx. EUR 360 million from the capital optimization measures successfully
implemented early in 2011.
Total assets declined to approx. EUR 700 billion in the first quarter of
2011. The Bank’s risk-weighted assets amounted to approx. EUR 250 billion.
The Core Tier 1 ratio was approx. 11.0 %.
Commerzbank AG
Kaiserplatz
60261 Frankfurt am Main
Germany
ISIN: DE0008032004
WKN: 803200
Listed
Regulated market in Berlin, Duesseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, Munich, Stuttgart; EUREX; London, SIX
The International Securities Identification Numbers (ISINs) of further financial instruments issued by Commerzbank AG, and admitted to trading on a domestic organized market or for which such admission has been applied for, are available Commerzbank’s Investor Relations website under www.commerzbank.com
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Disclaimer
This release contains statements concerning the expected future business of
Commerzbank, efficiency gains and expected synergies, expected growth
prospects and other opportunities for an increase in value of the company
as well as expected future net income per share, restructuring costs and
other financial developments and information. These forward-looking
statements are based on management’s current expectations, estimates and
projections. They are subject to a number of assumptions and involve known
and unknown risks, uncertainties and other factors that may cause actual
results and developments to differ materially from any future results and
developments expressed or implied by such forward-looking statements.
Commerzbank has no obligation to periodically update or release any
revisions to the forward-looking statements contained in this release to
reflect events or circumstances after the date of this release.
Contact:
Commerzbank AG
Group Communications
Tel.: +49 69 136 – 22830
02.05.2011 DGAP’s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Commerzbank AG
Kaiserplatz
60261 Frankfurt am Main
Deutschland
Phone: +49 (069) 136 20
Fax: –
E-mail: [email protected]
Internet: www.commerzbank.de
ISIN: DE0008032004
WKN: 803200
Indices: DAX, CDAX, HDAX, PRIMEALL
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
EUREX; London, SIX
End of Announcement DGAP News-Service
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