Commerzbank: Commercial Real Estate financing and Ship Finance to be wound up while maximising value

Commerzbank AG  / Key word(s): Strategic Company Decision/Strategic
Company Decision

26.06.2012 20:09

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Commerzbank: Commercial Real Estate financing and Ship Finance to be wound
up while maximising value

The Board of Managing Directors of Commerzbank has today, therefore,
decided to entirely reduce the business areas Commercial Real Estate and
Ship Finance in the course of time. In addition, CommerzReal is to be
integrated into the Core Bank segment Private Customers. Therefore, the new
Core Bank segment Real Estate and Ship Finance (RES) will not be launched
as had originally been planned.

Commercial Real Estate and Ship Finance are to be transferred in full to
the new segment Non Core Assets (NCA). The essential reasons for this are
the high capital and the rising liquidity requirements under Basel 3, and
especially for long-term financing, as well as the strong cyclical
fluctuations which are to be expected in the result in the future. In
private and corporate customer business Commerzbank will naturally continue
to offer real estate financing.

The CommerzReal business area will be integrated within the Core Bank into
the Private Customers segment so as to orient the business more closely to
the needs of customers in the future.

These changes will become effective as of August 9, 2012. Following the
decision to significantly expand the NCA segment, the responsibilities on
the Board of Managing Directors of Commerzbank will also be restructured as
of this date.

Commerzbank is currently subjecting all its business areas to a review in
the framework of the annual strategic planning process. The changes
announced today are the first consequence of this. All the results of this
process will be presented in the autumn.

The published targets and statements for the current business year remain
valid. An update will be provided with the publication of the half-year
results on August 9, 2012.


Contact:
Commerzbank AG
Group Communications
Tel.: +49 69 136 - 22830
mediarelations@commerzbank.com


26.06.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      Commerzbank AG
              Kaiserplatz
              60261 Frankfurt am Main
              Germany
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, Düsseldorf, Frankfurt (Prime
              Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
              EUREX; London, SIX
 
End of Announcement                             DGAP News-Service
 
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