Commerzbank AG — M&A Activity 2009

Feb 26, 2009

News Details

Corporate | 26 February 2009 07:48

Martin Blessing, Chairman of the Board of Managing Directors of Commerzbank and Chief Executive Officer of Dresdner Bank, commenting on the 2008 results of Dresdner Bank, which were announced today

Commerzbank AG / Statement

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Martin Blessing, Chairman of the Board of Managing Directors

of Commerzbank and Chief Executive Officer of Dresdner Bank,

commenting on the 2008 results of Dresdner Bank, which were announced

today:

‘Commerzbank closed the Dresdner Bank acquisition in January. The strategic

logic of the takeover is and remains intact. We are building the leading

bank for private and corporate customers in Germany.

Furthermore the takeover is in the best interests of our economy’s future

and thus in all of our interests. Markets are challenging; but now the

decisions are to be made whether we have the banks that our economy needs,

both during and after the crisis.

Dresdner Bank’s billions of losses over the past year distract from the

fact that the private and corporate customers business and important parts

of the investment banking activities of Dresdner Bank are fundamentally

healthy.

However, certain parts of the investment bank Dresdner Kleinwort have

caused problems. These problem areas will rigorously and systematically be

reduced as quickly as possible. We have already been successfully through a

comparable process of change once before at Commerzbank.

The crisis persists and we still have a difficult road to travel, but we

are sure the new Commerzbank will prevail as a growing and strongly

profitable bank.’

Contact:

Commerzbank AG

Group Communications

Tel.: +49 69 136 – 22830

mediarelations@commerzbank.com

26.02.2009 Financial News transmitted by DGAP

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Language: English

Issuer: Commerzbank AG

          Kaiserplatz

          60261 Frankfurt am Main

          Deutschland

Phone: +49 (069) 136 20

Fax: –

E-mail: ir@commerzbank.com

Internet: www.commerzbank.de

ISIN: DE0008032004

WKN: 803200

Indices: DAX, CDAX, HDAX, PRIMEALL

Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),

          Hannover, München, Hamburg, Düsseldorf, Stuttgart;

          Terminbörse EUREX; Foreign Exchange(s) London, SWX

End of News DGAP News-Service

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