DGAP-News: Commerzbank AG
(firmenpresse) - DGAP-News: Commerzbank AG / Key word(s): Miscellaneous
Commerzbank AG
27.10.2011 / 10:00
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Commerzbank Statement on the Publication of EBA
As of end of June 2011 Commerzbank's Core Tier 1 ratio amounted to 9.9%.
'We welcome the fact that the markets now have clarity with respect to the
requirements put into place by EBA from mid-2012 onwards. Banks thus have
the possibility to adopt measures at an early stage so as to reach the 9%
Core Tier 1 ratio required by EBA,' said Eric Strutz, CFO of Commerzbank.
For Commerzbank EBA calculated a sum of EUR 2.938 billion in its scenario.
'We can reach the required ratio by means of a reduction in risk-weighted
assets in non-core areas, the sale of non-strategic assets or retained
earnings, for example. One thing goes without saying: We do not intend to
make use of public funds,' said Eric Strutz.
As already announced, Commerzbank will publish its interim report for Q3
2011 on November 4, 2011.
*****
About Commerzbank
Commerzbank is a leading bank for private and corporate customers in
Germany. With the segments Private Clients, Mittelstandsbank, Corporates&Markets, Central&Eastern Europe as well as Asset Based Finance, the Bank
offers its customers an attractive product portfolio, and is a strong
partner for the export-oriented SME sector in Germany and worldwide. With a
future total of some 1,200 branches, Commerzbank has one of the densest
networks of branches among German private banks. It has above 60 sites in
more than 50 countries and serves more than 14 million private clients as
well as 1 million business and corporate clients worldwide. In 2010, it
posted gross revenues of EUR 12.7 billion with some 59,000 employees.
*****
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 the 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
mediarelations(at)commerzbank.com
End of Corporate News
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27.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Commerzbank AGKaiserplatz
60261 Frankfurt am Main
Germany
Phone: +49 (069) 136 20
Fax: -
E-mail: ir(at)commerzbank.com
Internet: www.commerzbank.de
ISIN: DE0008032004
WKN: 803200
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, SIX, Stuttgart;
Terminbörse EUREX; London
End of News DGAP News-Service
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143664 27.10.2011
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Datum: 27.10.2011 - 10:00 Uhr
Sprache: Deutsch
News-ID 80803
Anzahl Zeichen: 4845
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Kategorie:
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