13.12.2016
Commerzbank Aktiengesellschaft DE000CBK1001
DGAP-News: Commerzbank: SREP 2016 completed
DGAP-News: Commerzbank Aktiengesellschaft / Key word(s): Miscellaneous
Commerzbank: SREP 2016 completed
13.12.2016 / 08:32
The issuer is solely responsible for the content of this announcement.
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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.
Further information on the equity capital requirements placed on
Commerzbank is to be found on the Internet under www.commerzbank.com/
SREP2016
*****
Press contact:
Alexander Cordes +49 69 136-42764
Maurice Farrouh +49 69 136-21947
*****
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.
*****
Disclaimer
This release contains forward-looking statements. Forward-looking
statements are statements that are not historical facts. In this release,
these statements concern inter alia the expected future business of
Commerzbank, efficiency gains and expected synergies, expected growth
prospects and other opportunities for an increase in value of Commerzbank
as well as expected future financial results, restructuring costs and other
financial developments and information. These forward-looking statements
are based on the management's current plans, 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. Such
factors include the conditions in the financial markets in Germany, in
Europe, in the USA and other regions from which Commerzbank derives a
substantial portion of its revenues and in which Commerzbank holds a
substantial portion of its assets, the development of asset prices and
market volatility, especially due to the ongoing European debt crisis,
potential defaults of borrowers or trading counterparties, the
implementation of its strategic initiatives to improve its business model,
the reliability of its risk management policies, procedures and methods,
risks arising as a result of regulatory change and other risks. Forward-
looking statements therefore speak only as of the date they are made.
Commerzbank has no obligation to 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.
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13.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Commerzbank Aktiengesellschaft
Kaiserstraße 16
60311 Frankfurt am Main
Germany
Phone: +49 (069) 136 20
Fax: -
E-mail: [email protected]
Internet: www.commerzbank.de
ISIN: DE000CBK1001
WKN: CBK100
Indices: DAX, CDAX, HDAX, PRIMEALL
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated
Unofficial Market in Tradegate Exchange; London, SIX
End of News DGAP News Service
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529103 13.12.2016
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