Commerzbank Well positioned for the upcoming challenges. Commerzbank German Investment Seminar 2012

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Commerzbank Well positioned for the upcoming challenges. Commerzbank German Investment Seminar 2012"

Transcription

1 Commerzbank Well positioned for the upcoming challenges Commerzbank German Investment Seminar 2012

2 Commerzbank with major achievements in 2011 Op. Profit ( bn) -0,8 FY 09 1,0 FY 10 3,0 9M 11 Operating profit of core bank of 3.0 bn in 9M 2011 All major steps in integration project successfully completed after only 1,000 days Core Tier I ratio 10.0 Core Tier I Equity Tier 9.4 Significant improvement of capital structure Core Core Tier I Tier I 12/ /2011 ~ 2,3bn* Pre-funding ~ 6-8bn ~40% ~60% Remaining Funding plan 2011 fulfilled ahead of schedule done 2011 (as of funding need 31 Oct.) until end

3 Operating profit of Core Bank reached 3bn within 9 months MSB and CEE with strong operating profit within the first 9 months Further impairments on Greek sovereign debt and Public Finance de-risking weighed down ABF RWA reduced by 9% to 244 bn within 9 months, Core Tier 1 ratio stands at 9.4% as of 30/9/11 Broad range of measures targeted to meet capital requirements of the EU summit 2011 funding plan fulfilled, pre-funding for 2012 already started 2

4 9M operating profit of the Core Bank more than doubled Group Core Bank ** in m Q Q Q M 2011 Q Q M M 2011 Revenues before LLP 2,922 2,363 1,594 7,573 2,341 2,903 8,072 9,008 LLP , Operating expenses 2,185 2,030 2,036 6,220 2,010 1,876 6,096 5,724 Operating profit ,296 2,982 Net profit* ,020 1,372 2,961 9M revenues before LLP in the Core Bank increased by 1bn (+12%) Moderate LLP level of Core Bank in Q3, lower provisioning need in ABF (y-o-y) Overall cost base decreased y-o-y by 7% due to realization of cost synergies Operating profit affected by impairment on Greek sovereign bonds (Q3: 798m and Q2: 720m) and PF de-risking * Consolidated result attributable to Commerzbank shareholders ** incl. Others & Consolidations 3

5 Portfolio reduction focussed in Asset Based Finance PF portfolio development (EaD in bn) % Overall GIIPS sovereign exposure reduced by >20% within 9M Greek bond exposure halved (including the effect of impairments) Dec 2008 Dec 2010 Jun 2011 Sep 2011 GIIPS sovereign exposure (EaD 1 ) CRE portfolio development (EaD in bn) 2 86 Dec Dec % 64 Jun Sep 2011 in bn Dec 10 Mar 11 Jun 11 Sep 11 Greece Ireland Italy Portugal Spain Total ) incl. PF portfolios of EH and EEPK; incl. non impaired parts of Greek bonds in LaR and AfS 2) excl. default portfolio 4

6 All major steps in integration successfully completed within 1000 days June 2010 Brand migration: New Commerzbank presence under one new brand July 2010 August 2010 December 2010 December 2010 April 2011 Target structure: New organization structure implemented Harmonization release: Over 600 IT systems modified in preparation for client and product data migration Integration of investment banking completed Integration in all international locations accomplished Final step of IT-integration: Client and product data migration to Commerzbank IT systems Major steps in integration project successfully completed by end of May

7 Improved capital structure after capital increase in 2011 Capital ratios in % Core Tier I capital ratio Equity Tier I capital ratio Core Tier I 12/ Core Tier I 09/2011 Capital increase leads to improved capital quality with a strong shift towards equity capital Around 85% of Core Tier I capital is equity capital per 09/2011 vs. around 39% pre transaction Additional Liability measure completed in December 2011 with a one-time gain of more than 700 m 6

8 Funding need for 2012 reduced to up to 6 bn Funding plan 2012 in bn ~ 30bn ~ 22bn Due to continued balance sheet reduction majority of maturing capital markets liabilities will not have to be replaced in 2012 ~ 15bn Funding opportunities in 2011 were used for prefunding 2012 ~ 15bn Maturing capital markets liabilities Not to be refinanced ** Pre-funding done 2011 * Up to 6bn ~ 1/3 ~ 2/3 Remaining funding need until end 2012 Unsecured funding needs planned to be covered via private placements into Commerzbank s franchise Public issuance only if markets receptive and pricing attractive Funding need from 2013 onwards expected to go down even further Unsecured Funding Covered Bonds * Over 2bn Pre-funding 2011 exceeding upper end of plan ( 10-12bn) ** Asset reduction / temporary new business stop 7

9 Top priorities and action plans for 2012 defined 1 Further deleveraging as the primary answer to the economic downturn 2 Realization of cost synergies 3 Fulfilment of EBA requirements 8

10 We expect Germany to continue to outperform the Eurozone Current development German economy in a downswing, sentiment indicators are pointing on a significant deceleration of growth. Especially external demand has lost steam. Labour market miracle : level of unemployment remains significantly below pre-crisis level despite current downswing Number of corporate defaults still in a downward trend. Our expectation for 2012 Sovereign debt crisis will weigh on growth during the whole year. German economy will probably shrink in 2012 Q1 (as in 2011 Q4), followed by a slow recovery. In the most likely case the German economy will stagnate in Biggest downside risk is a uncertainty shock caused by an escalation of the sovereign debt crisis. Reasons for outperformance No bubbles in the housing market Low level of private sector debt Less need for fiscal consolidation Steadily improved competitiveness since start of EMU Germany benefits from strong demand for investment goods and its strong positioning in Asian markets and Emerging Markets in general DAX (average p.a.) Euribor in % (average p.a.) GDP (Change vs previous year in %) 6,190 6,586 6, , e Source: Commerzbank Economic Research e -0.4 Germany Eurozone e 2012e 9

11 De-leveraging as the primary answer to the economic downturn Commerzbank with proven track record Total Assets in bn Decrease of balance sheet total is significant ahead of original EU target of 900 bn RWA in bn Active management in reducing RWA leads to decrease of 28% since Dresdner Bank acquisition ~-40% % Dec 2008 Sep 2009 Sep 2010 Sep p Dec 2008 Sep 2009 Sep 2010 Sep

12 Top priorities and respective action plans for 2012 defined 1 Further deleveraging as the answer to the economic downturn 2 Realization of cost synergies 3 Fulfilment of EBA requirements 11

13 Cost synergies of 2.4 targeted to be realized after 2013 thereof 1.5 bn already accomplished Accumulated cost synergies in bn 2.4 All major steps in project to integrate Dresdner Bank successfully concluded in 2011 after less than 1,000 days Around 1.5 bn of full cost synergies reached in 2011 in line with plan ~1.1 ~1.5 Through the end of 2012 some 400 pairs of branches planned to be amalgamated Cost synergies of 2.4 bn p.a. are expected after p 12

14 Top priorities and respective action plans for 2012 defined 1 Further deleveraging as the answer to the economic downturn 2 Realization of cost synergies 3 Fulfilment of EBA requirements 13

15 EBA capital requirement mainly due to sovereign buffer for exposure in EH implementation will lead to Core Tier I ratio of more than 10.5% EBA capital requirement Capital ratios following EBA requirement * in % Total capital requirement according to EBA CB Group 5.3 bn 9.0 >10.5 Thereof: Sovereign capital buffers Fair value for EMU sovereigns as of 30/09/2011 CB AG 0.1 bn Eurohypo 4.8 bn Capital shortfall before sovereign capital buffer (target ratio of 9%) CB Group 0.4bn Core Tier I EBA targets Core Tier I to be reported * including Basel 2.5 effects 14

16 Measures to fulfill EBA capital requirements by June 2012 well underway RWA management Capital management Volume reduction outside core markets / plans to grow in primary franchise markets remain unchanged Risk transfer securitizations / portfolio sales Management of market and counterparty risk RWA efficiency, e.g. mapping of collateral Repurchase of selected hybrid equity instruments in December 2011 Restructuring of capital instruments Management of capital deductions Capital raising Sale of nonstrategic assets Sales, e.g. Dresdner Bank Headquarters in October 2011 BRE and Comdirect are considered strategic Retained earnings H1 result 2012 Cost management Capitalization of DTA * P&L effects have been taken into account 15

17 Commerzbank well positioned for the upcoming economic and regulatory challenges Commerzbank expects Germany to continue to outperform the Eurozone - Commerzbank benefiting from its strong home base Cost synergies expected further to reduce operating expenses Due to strong customer franchise and maturing assets in non-core portfolios low dependency on wholesale funding over the next years Continued focus on de-leveraging and de-risking Broad range of measures targeted to meet capital requirements of the EU summit 16

18 Disclaimer Investor Relations The information contained herein is not for release, publication or distribution in whole or in part in or into the United States. These materials do not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States. The securities of Commerzbank referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration under the Securities Act or pursuant to an available exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about Commerzbank s beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates, projections and targets as they are currently available to the management of Commerzbank. Forward-looking statements therefore speak only as of the date they are made, and Commerzbank undertakes no obligation to update publicly any of them in light of new information or future events. By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include, among others, the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which Commerzbank derives a substantial portion of its revenues and in which it hold a substantial portion of its assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of its strategic initiatives and the reliability of its risk management policies. In addition, this presentation contains financial and other information which has been derived from publicly available information disclosed by persons other than Commerzbank ( external data ). In particular, external data has been derived from industry and customer-related data and other calculations taken or derived from industry reports published by third parties, market research reports and commercial publications. Commercial publications generally state that the information they contain has originated from sources assumed to be reliable, but that the accuracy and completeness of such information is not guaranteed and that the calculations contained therein are based on a series of assumptions. The external data has not been independently verified by Commerzbank. Therefore, Commerzbank cannot assume any responsibility for the accuracy of the external data taken or derived from public sources. Copies of this document are available upon request or can be downloaded from 17

Commerzbank well underway to fulfil EBA requirement. Investor Relations Frankfurt am Main January 19 th, 2012

Commerzbank well underway to fulfil EBA requirement. Investor Relations Frankfurt am Main January 19 th, 2012 Commerzbank well underway to fulfil EBA requirement Commerzbank with significant risk downsizing within three years Total Assets in bn Significant reduction of balance sheet volume of almost 33% RWA in

More information

Commerzbank Excellent start into 2011. Goldman Sachs - European Financials Conference

Commerzbank Excellent start into 2011. Goldman Sachs - European Financials Conference Commerzbank Excellent start into 2011 Goldman Sachs - European Financials Conference Excellent start into 2011 with more than 1.1bn operating profit 1 Core Bank: strong operating performance profitable

More information

Prudent capital management in a challenging market environment

Prudent capital management in a challenging market environment Prudent capital management in a challenging market environment Bank of America Merrill Lynch 17th Annual Banking & Insurance CEO Conference With strong Core Tier 1 ratio of 12.2% - well prepared for Basel

More information

Commerzbank Continued operating strength of the Core Bank. Analyst conference Q2 2011 results

Commerzbank Continued operating strength of the Core Bank. Analyst conference Q2 2011 results Commerzbank Continued operating strength of the Core Bank Analyst conference Q2 results Agenda 1 2 3 4 5 6 Group summary Financial highlights Resultsbydivision Balance sheet, capital & funding Conclusion

More information

Commerzbank s strategic realignment Commerzbank German Investment Seminar 2013

Commerzbank s strategic realignment Commerzbank German Investment Seminar 2013 Commerzbank s strategic realignment Commerzbank German Investment Seminar 2013 Integration of Dresdner Bank significantly increased market coverage and revenue potential for Commerzbank Commerzbank unique

More information

Revenues in Core Bank stabilising - accelerated de-risking in NCA

Revenues in Core Bank stabilising - accelerated de-risking in NCA Revenues in Core Bank stabilising - accelerated de-risking in NCA 18th Annual Banking & Insurance CEO Conference 2013 In a challenging market environment solid results in the Core Bank - NCA run-down target

More information

Commerzbank Return to sustainable profitability. Fixed Income Investor Call, 8 March 2011

Commerzbank Return to sustainable profitability. Fixed Income Investor Call, 8 March 2011 Commerzbank Return to sustainable profitability Fixed Income Investor Call, 8 March 2011 Commerzbank Group with net profit of 1.4bn in 2010 1 Profitable in all quarters 2010 - strong operating performance

More information

Revenues before loan loss provisions almost stable at EUR 2.3 bn despite seasonal effects

Revenues before loan loss provisions almost stable at EUR 2.3 bn despite seasonal effects Press release For business desks 7 November 2013 Commerzbank: operating profit of EUR 103 m in third quarter Revenues before loan loss provisions almost stable at EUR 2.3 bn despite seasonal effects Annual

More information

Laying the foundations for long-term success

Laying the foundations for long-term success Laying the foundations for long-term success Commerzbank German Investment Seminar 2010 Commerzbank is laying the foundations for long-term success 1. Integration process well on track 2. Significant progress

More information

Growing business volumes in Core Bank original 2016 NCA target of 93bn already achieved. Analyst conference Q2 2014 results

Growing business volumes in Core Bank original 2016 NCA target of 93bn already achieved. Analyst conference Q2 2014 results Growing business volumes in Core Bank original 2016 NCA target of 93bn already achieved Analyst conference results Key Financial Facts Group operating result of 257m in leads to 581m for H1 exceeding H1

More information

Commerzbank: Strategy successful net profit of over 1 billion euros and dividend

Commerzbank: Strategy successful net profit of over 1 billion euros and dividend IR release 12 February 2016 Commerzbank: Strategy successful net profit of over 1 billion euros and dividend Operating profit in 2015 more than doubled to EUR 1,909 m (2014: EUR 689 m) Operating profit

More information

Commerzbank: Operating profit more than doubled to EUR 685 m in the first quarter of 2015

Commerzbank: Operating profit more than doubled to EUR 685 m in the first quarter of 2015 Press release For business desks 7 May 2015 Commerzbank: Operating profit more than doubled to EUR 685 m in the first quarter of 2015 Revenues before loan loss provisions in the Group increased year-on-year

More information

Laying the foundations for long-term success

Laying the foundations for long-term success Laying the foundations for long-term success Investors Day 2009 Commerzbank is laying the foundations for long-term success 1. Integration process well on track 2. Considerably strengthened capital position

More information

Figures Facts Targets. Overview Commerzbank Group

Figures Facts Targets. Overview Commerzbank Group Figures Facts Targets Overview Commerzbank Group Taking into account the changed market environment, Commerzbank has set up its new strategic agenda at Investors Day 2012 Main drivers of change to the

More information

Commerzbank: Operating profit improved after nine months of 2015 to EUR 1.5 bn CET 1 ratio increased to 10.8%

Commerzbank: Operating profit improved after nine months of 2015 to EUR 1.5 bn CET 1 ratio increased to 10.8% IR release 2 November 2015 Commerzbank: Operating profit improved after nine months of 2015 to EUR 1.5 bn CET 1 ratio increased to 10.8% Operating profit in Group in third quarter at EUR 429 m (Q3 2014:

More information

Commerzbank Figures, Facts, Targets

Commerzbank Figures, Facts, Targets Core Bank with significantly improved result Operating profit in m Private Customers benefits from lower costs 36 195 H1 10 H1 11 916 702 Mittelstandsbank profits from stable German economy H1 10 H1 11

More information

Commerzbank Figures, Facts, Targets

Commerzbank Figures, Facts, Targets Significant de-risking achieved 844 754 662 636 Total assets in bn 280 268 237 208 Risk-weighted assets in bn 31.12.09 31.12.10 31.12.11 31.12.12 Commerzbank Figures, Facts, Targets Investor Relations

More information

ZGT Group Treasury Treasury Conference German Banks

ZGT Group Treasury Treasury Conference German Banks Treasury Conference German Banks Andreas Hauschild Global Head of Funding & Liquidity Management London, 11th December 2007 Agenda 1. Market environment 2 4 2. Approaching the changed market environment

More information

Bank of Ireland Asset Covered Securities

Bank of Ireland Asset Covered Securities Bank of Ireland Asset Covered Securities Investor Presentation 24 September 2013 Forward-looking Statement The Governor and Company of the Bank of Ireland is regulated by the Central Bank of Ireland. In

More information

Financial Data Supplement 4Q2011

Financial Data Supplement 4Q2011 Deutsche Bank Financial Data Supplement 4Q2011 20 March 2012 4Q2011 Financial Data Supplement Deutsche Bank consolidated Financial summary 2 Consolidated Statement of Income 3 Net revenues 4 Net interest

More information

German corporate conference Deutsche Bank

German corporate conference Deutsche Bank Commerzbank - the leading german commercial bank German corporate conference Deutsche Bank May 31, 2006 Dr. Eric Strutz Chief Financial Officer Excellent start in 2006 Q1 `06 vs Q1 `05 FY 2005 Operating

More information

Group operating result of 324m and NCA assets reduced down to 102bn. Analyst conference Q1 2014 results

Group operating result of 324m and NCA assets reduced down to 102bn. Analyst conference Q1 2014 results Group operating result of 324m and NCA assets reduced down to 102bn Analyst conference 2014 results Key Financial Facts 2014 Group net profit of 200m in 2014 after 64m in Q4 and -98m in while Group operating

More information

Tier 2 Fixed Income Roadshow London / New York / Boston / Chicago

Tier 2 Fixed Income Roadshow London / New York / Boston / Chicago London / New York / Boston / Chicago Jonathan Blake, Global Head of Debt Issuance Friedrich Karl Stroedter, Head of Debt IR & Rating Agency Relations May 2013 at a glance FY2012 Key facts Revenues per

More information

Commerzbank Figures, Facts, Targets

Commerzbank Figures, Facts, Targets Commerzbank with strong capital ratios Commerzbank Group, in % 10.5 11.9 11.1 12.3 11.3 9.2 10.0 9.9 31.12.2009 31.12.2010 31.12.2011 31.3.2012 Tier I capital ratio Core Tier I capital ratio Commerzbank

More information

DEPFA Group. Annual Results 2014 Presentation. 1st April 2015 AUDITED FIGURES

DEPFA Group. Annual Results 2014 Presentation. 1st April 2015 AUDITED FIGURES DEPFA Group Annual Results 04 Presentation st April 05 AUDITED FIGURES Disclaimer Annual Results 04 st April 05 This presentation is not an offer or invitation to subscribe for or purchase any securities.

More information

Strategy execution since 2012 well under way in a demanding environment

Strategy execution since 2012 well under way in a demanding environment Strategy execution since 2012 well under way in a demanding environment Morgan Stanley European Financials Conference Stephan Engels CFO London 26 March 2015 Commerzbank is rigorously orienting its business

More information

Financial Data Supplement 2Q2013

Financial Data Supplement 2Q2013 Deutsche Bank Financial Data Supplement 2Q2013 30 July 2013 1 2 2Q2013 Financial Data Supplement Deutsche Bank consolidated Financial summary 2 Group Core Bank Non-Core Operations Unit 3 Consolidated Statement

More information

Full focus on implementation of our strategic agenda

Full focus on implementation of our strategic agenda Full focus on implementation of our strategic agenda Deutsche Bank: Global Financial Services Investor Conference Commerzbank s key highlights In strategic realignment of Commerzbank initiated with new

More information

Q4.14 Financial Results. March 23, 2015

Q4.14 Financial Results. March 23, 2015 Q4.14 Financial Results March 23, 2015 Table of Contents 1 Results overview 2 Liquidity 3 Profitability 4 Asset quality 5 Capital 6 Appendix Results overview 1 4Q14 results: key take-aways Liquidity Group

More information

Doubling net result in H1 2015 at comfortable capital ratios. Analyst conference Q2 2015 results

Doubling net result in H1 2015 at comfortable capital ratios. Analyst conference Q2 2015 results Doubling net result in H1 at comfortable capital ratios Analyst conference results Stephan Engels CFO Frankfurt 03 August Summary Good operating result of 385m leads to 1.070m in H1 and a net result of

More information

Investors Day Commerzbank s financials and Key performance indicators

Investors Day Commerzbank s financials and Key performance indicators Frankfurt, September 21, 2006 Investors Day Commerzbank s financials and Key performance indicators Eric Strutz Chief Financial Officer Disclaimer / investor relations / All presentations shown at Investors

More information

Increased revenues, profits and capital ratios. Analyst conference Q1 2015 results

Increased revenues, profits and capital ratios. Analyst conference Q1 2015 results Increased revenues, profits and capital ratios Analyst conference 2015 results Summary 2015 Strong operating performance leads to a group operating result of 685m and a net result of 366m Increased Core

More information

Banco Sabadell Stress test results. 15 th July 2011

Banco Sabadell Stress test results. 15 th July 2011 Banco Sabadell Stress test results 15 th July 2011 1 Disclaimer Banco Sabadell cautions that this presentation may contain forward looking statements with respect to the business. financial condition.

More information

NCA run-down ahead of targets - CET 1 phase-in ratio at 11.0% Analyst conference Q3 2013 results

NCA run-down ahead of targets - CET 1 phase-in ratio at 11.0% Analyst conference Q3 2013 results NCA run-down ahead of targets - CET 1 phase-in ratio at 11.0% Analyst conference results Stephan Engels CFO Frankfurt 7 November Group operating result of 103m in - Sale of 5bn UK CREportfolio completely

More information

Deutsche Bank. environment. Chairman of the Management Board. Dr. Josef Ackermann. Deutsche Bank Investor Relations

Deutsche Bank. environment. Chairman of the Management Board. Dr. Josef Ackermann. Deutsche Bank Investor Relations Responding to a challenging environment Chairman of the Management Board and the Group Executive e Committee Bank of America Merrill financial Lynch transparency. Conference London, Agenda 1 A challenging

More information

Q3 INTERIM MANAGEMENT STATEMENT Presentation to analysts and investors. 28 October 2014

Q3 INTERIM MANAGEMENT STATEMENT Presentation to analysts and investors. 28 October 2014 INTERIM MANAGEMENT STATEMENT Presentation to analysts and investors 28 October HIGHLIGHTS FOR THE FIRST NINE MONTHS OF Continued successful execution of our strategy and further improvement in financial

More information

Deutsche Bank 2014 Global Financial Services Investor Conference

Deutsche Bank 2014 Global Financial Services Investor Conference Connecting Markets East & West Deutsche Bank 2014 Global Financial Services Investor Conference Shigesuke Kashiwagi, CFO Nomura Holdings, Inc. May 28, 2014 Nomura Unique hybrid of retail brokerage/asset

More information

Balance sheet structure absorbed adverse PSI+ effect

Balance sheet structure absorbed adverse PSI+ effect Full Year 2011 Results Participation in PSI+ 1 leads to additional impairment of Euro 3.2 billion Core Tier I at Euro 1.3 billion 2 post PSI+ related impairment Balance sheet structure absorbed adverse

More information

Focus on fleet customers SAF-HOLLAND Annual Financial Statements 2013

Focus on fleet customers SAF-HOLLAND Annual Financial Statements 2013 Focus on fleet customers SAF-HOLLAND Annual Financial Statements 213 Detlef Borghardt, CEO Wilfried Trepels, CFO March 13, 214 Agenda 1 Financials 3 2 Appendix 21 2 Executive Summary 1 2 3 Group sales

More information

Fixed Income Investor Presentation. July 2012

Fixed Income Investor Presentation. July 2012 Fixed Income Investor Presentation July 2012 Cautionary Note on Forward Looking Statements Today s presentation may include forward-looking statements. These statements represent the Firm s belief regarding

More information

ACCELERATING THE TRANSFORMATION

ACCELERATING THE TRANSFORMATION Paris, September 12, 2011 ACCELERATING THE TRANSFORMATION SOCIETE GENERALE: THE HARD FACTS GIIPS: we have a low, declining and manageable sovereign exposure of EUR 4.3 billion Legacy assets: we accelerated

More information

Financial Data Supplement 1Q2016

Financial Data Supplement 1Q2016 Deutsche Bank Financial Data Supplement 1Q2016 28 April 2016 1Q2016 Financial Data Supplement Due to rounding, numbers presented throughout this document may not add up precisely to the totals we provide

More information

Commerzbank Figures, Facts, Targets

Commerzbank Figures, Facts, Targets Operating Profit in m Core Bank 866 573 685 556 408 Q1 Q2 Q3 Q4 Q1 2012 2013 Non-Core Assets -151-87 -454-477 -448 Commerzbank Figures, Facts, Targets Investor Relations 1st Quarter 2013 Authorised by

More information

9M2015 GMPS Results. Fabrizio Viola CEO & General Manager

9M2015 GMPS Results. Fabrizio Viola CEO & General Manager 9M2015 GMPS Results Fabrizio Viola CEO & General Manager 6 th November 2015 Results Highlights CET1 ratio fully loaded at 11.7% (approx. +100bps vs. Jun-15 proforma * ) and CET1 transitional at 12% (+67bps

More information

Increased revenues, profits and capital ratios

Increased revenues, profits and capital ratios Increased revenues, profits and capital ratios Goldman Sachs Nineteenth Annual European Financials Conference Stephan Engels CFO Rome 16 June 2015 Commerzbank is rigorously orienting its business model

More information

Final repayment of SoFFin and Allianz Silent Participations Analyst-Call 13 March 2013

Final repayment of SoFFin and Allianz Silent Participations Analyst-Call 13 March 2013 Final repayment of SoFFin and Allianz Silent Participations Analyst-Call 13 March 2013 Martin Blessing, CEO; Stephan Engels, CFO Frankfurt 13 March 2013 Final repayment of SoFFin and Allianz Silent Participations

More information

Update following the publication of the Bank of England Stress Test. 16 December 2014

Update following the publication of the Bank of England Stress Test. 16 December 2014 Update following the publication of the Bank of England Stress Test 16 December 2014 Background Top 8 Banks Resilience Stress Tested by PRA following FPC recommendation in March 2013 Guidance for stress

More information

Q3/2015 Results Analyst and Investor Conference Call. 29 October 2015

Q3/2015 Results Analyst and Investor Conference Call. 29 October 2015 Q3/2015 Results Analyst and Investor Conference Call 29 October 2015 Deutsche Börse Group 1 Highlights Q3/2015 Results Presentation Index derivatives and cash equities benefitted from higher volatility;

More information

Business and Financial Highlights Nine Months Ended December 31, 2014. Shinsei Bank, Limited January 2015

Business and Financial Highlights Nine Months Ended December 31, 2014. Shinsei Bank, Limited January 2015 Business and Financial Highlights Nine Months Ended December 31, 214 Shinsei Bank, Limited January 215 Table of Contents Q3 FY214 Results: Key Points ------------------------------------------ Q3 FY214

More information

Commerzbank Figures, Facts, Targets

Commerzbank Figures, Facts, Targets NCA run-down EaD incl. NPL volume; bn 289-53% Public Finance CRE Deutsche Schiffsbank 160 181 136 2) 89 71 80 104 68 48 25 24

More information

Electricity Supply Board

Electricity Supply Board Electricity Supply Board Investor Presentation 2012 Interim Results December 2012 Disclaimer Forward looking statements: This presentation contains certain forward-looking statements with respect to ESB

More information

Bank of Ireland Presentation

Bank of Ireland Presentation Bank of Ireland Presentation October 202 (as at 24th October 202) Forward-looking statement This document contains certain forward looking statements within the meaning of Section 2E of the US Securities

More information

Frankfurt am Main April 28, Deutsche Bank reports first quarter 2016 net income of 236 million euros. EUR bn 1Q2016 change EUR bn 1Q2016 change

Frankfurt am Main April 28, Deutsche Bank reports first quarter 2016 net income of 236 million euros. EUR bn 1Q2016 change EUR bn 1Q2016 change Release Frankfurt am Main April 28, 2016 Deutsche Bank reports first quarter 2016 net income of 236 million euros Group results at a glance Core business revenues EUR bn 1Q2016 change EUR bn 1Q2016 change

More information

BANCA MONTE DEI PASCHI DI SIENA: BUSINESS PLAN APPROVED

BANCA MONTE DEI PASCHI DI SIENA: BUSINESS PLAN APPROVED PRESS RELEASE BANCA MONTE DEI PASCHI DI SIENA: 2013-2017 BUSINESS PLAN APPROVED The document implements the strategic and operational priorities of the Restructuring Plan submitted on 7 October 2013 and

More information

Europe s biggest economy Rainer Neske Head of Private & Business Clients

Europe s biggest economy Rainer Neske Head of Private & Business Clients Building a retail powerhouse in Europe s biggest economy Head of Private & Business Clients Société Générale Premium Review Conference Paris, 3 December financial transparency. 2010 1 Agenda 1 Group performance

More information

José Antonio Álvarez CFO Santander Group

José Antonio Álvarez CFO Santander Group José Antonio Álvarez CFO Santander Group Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking statements are found in

More information

Third quarter results as of December 31, 2014. Investor presentation

Third quarter results as of December 31, 2014. Investor presentation Third quarter results as of December 31, 2014 Investor presentation February, 26 th 2015 Disclaimer Certain statements included or incorporated by reference within this presentation may constitute forwardlooking

More information

2013 Annual Results. D. Francisco Gómez Martín CEO. Madrid, January 31 st, 2014

2013 Annual Results. D. Francisco Gómez Martín CEO. Madrid, January 31 st, 2014 2013 Annual Results D. Francisco Gómez Martín CEO Madrid, January 31 st, 2014 Disclaimer This presentation has been prepared by Banco Popular Español solely for purposes of information. It may contain

More information

Workshop Mittelstandsbank

Workshop Mittelstandsbank Workshop Mittelstandsbank Commerzbank s key performance driver Workshop Mittelstandsbank London, December 8 th, 2010 Mittelstandsbank is Commerzbank s key performance driver A Sustainable, client-driven

More information

Bank of America Merrill Lynch Banking & Insurance CEO Conference Bob Diamond

Bank of America Merrill Lynch Banking & Insurance CEO Conference Bob Diamond 4 October 2011 Bank of America Merrill Lynch Banking & Insurance CEO Conference Bob Diamond Thank you and good morning. It s a pleasure to be here and I d like to thank our hosts for the opportunity to

More information

Acquisition of Westdeutsche ImmobilienBank AG

Acquisition of Westdeutsche ImmobilienBank AG LOCAL EXPERTISE MEETS GLOBAL EXCELLENCE Acquisition of Westdeutsche ImmobilienBank AG February, 22 nd 2015 Dr. Wolf Schumacher, CEO Hermann J. Merkens, CFO Agenda Strategic rationale Transaction structure

More information

Recommended Offer for Alliance & Leicester. 14 July 2008

Recommended Offer for Alliance & Leicester. 14 July 2008 Recommended Offer for Alliance & Leicester 4 July 008 Disclaimer This document does not constitute an offer to sell, or an invitation to subscribe for or purchase, any securities or the solicitation of

More information

Cash Drivers and Enterprise Value

Cash Drivers and Enterprise Value Cash Drivers and Enterprise Value Global Investor Forum 2009, Broughton, 1 st & 2 nd April 2009 Gérard Adsuar Corporate Executive Finance & Treasury, EADS 1 1 Safe Harbour Statement Disclaimer This presentation

More information

COMMERZBANK Capital Update - EU Wide Stress Test Results.

COMMERZBANK Capital Update - EU Wide Stress Test Results. COMMERZBANK Capital Update - EU Wide Stress Test Results. COMMERZBANK was subject to the 2011 EU-wide stress test conducted by the European Banking Authority (EBA), in cooperation with the Bundesanstalt

More information

PUERTO RICO EXPOSURE

PUERTO RICO EXPOSURE PUERTO RICO EXPOSURE FIRST QUARTER 2016 2016 Ambac Financial Group, Inc. One State Street Plaza, New York, NY 10004 All Rights Reserved 800-221-1854 www.ambac.com Neither Ambac nor any of its employees,

More information

Conference Call Q1-2015/2016

Conference Call Q1-2015/2016 Conference Call Q1-2015/2016 DIRK KALIEBE August 12, 2015 Highlights Q1-2015/2016 Strategic reorientation is taking effect Good order situation, improved backlog Strong revenue growth due to solid order

More information

Frankfurt am Main 29 April 2014. Deutsche Bank reports first quarter 2014 income before income taxes of EUR 1.7 billion

Frankfurt am Main 29 April 2014. Deutsche Bank reports first quarter 2014 income before income taxes of EUR 1.7 billion Release Frankfurt am Main 29 April 2014 Deutsche Bank reports first quarter 2014 income before income taxes of EUR 1.7 billion Group results Income before income taxes (IBIT) of EUR 1.7 billion, down 30%

More information

HYPO ALPE ADRIA INVESTOR RELATIONS PRESENTATION OF RESULTS H1/2014. Klagenfurt, August 28 th 2014. SEE Group. AUSTRIA (sold) HYPO ITALY (Wind Down)

HYPO ALPE ADRIA INVESTOR RELATIONS PRESENTATION OF RESULTS H1/2014. Klagenfurt, August 28 th 2014. SEE Group. AUSTRIA (sold) HYPO ITALY (Wind Down) HYPO ALPE ADRIA INVESTOR RELATIONS PRESENTATION OF RESULTS H1/2014 Germany Klagenfurt, August 28 th 2014 SEE Group AUSTRIA (sold) HYPO ITALY (Wind Down) ASSET RESOLUTION (Wind Down) H1/2014 Results: Executive

More information

2014 DFAST Mid-Cycle Stress Test Disclosure. September 2014

2014 DFAST Mid-Cycle Stress Test Disclosure. September 2014 2014 DFAST Mid-Cycle Stress Test Disclosure September 2014 Overview In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act and implementing regulations issued by the Board of

More information

SAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013

SAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013 SAF-HOLLAND Annual Financial Statements 212 Detlef Borghardt, CEO Wilfried Trepels, CFO March 14, 213 Executive Summary business volume successfully expanded in 212 1 Group sales increased yoy by 3.4%

More information

Asset Quality Review and Stress Test. Comprehensive Assessment Results

Asset Quality Review and Stress Test. Comprehensive Assessment Results Asset Quality Review and Stress Test Comprehensive Assessment Results November 2014 Disclaimer This presentation has been prepared solely for informational purposes. Any projections or other estimates

More information

2014 EU-wide Stress Test

2014 EU-wide Stress Test 2014 EU-wide Stress Test Bank Name LEI Code DK - Sydbank GP5DT10VX1QRQUKVBK64 DK NUK_WL_NR_XX version 1809014 No restructuring 2014 EU-wide Stress Test 2014 EU-wide Stress Test Summary Adverse Scenario

More information

The Westpac Group. The Westpac Group. 3 November 2010. Gail Kelly Chief Executive Officer. Westpac Banking Corporation ABN 33 007 457 141

The Westpac Group. The Westpac Group. 3 November 2010. Gail Kelly Chief Executive Officer. Westpac Banking Corporation ABN 33 007 457 141 The Westpac Group 2010 Full Year Results 3 November 2010 Westpac Banking Corporation ABN 33 007 457 141 The Westpac Group 2010 Full Year Results Gail Kelly Chief Executive Officer Westpac Banking Corporation

More information

TD Bank Financial Group Q1/08 Guide to Basel II

TD Bank Financial Group Q1/08 Guide to Basel II TD Bank Financial Group Q1/08 Guide to Basel II 1. OVERVIEW General Information on Basel can be found on the Canadian Bankers Association website at www.cba.ca. Choose Issues, Standards, Rules and Guidelines

More information

Earnings Conference Call January 28, 2015

Earnings Conference Call January 28, 2015 Fourth Quarter 2014 Earnings Conference Call January 28, 2015 Steven G. Bradshaw Chief Executive Officer Daniel H. Ellinor Chief Operating Officer Steven Nell Chief Financial Officer Stacy Kymes Chief

More information

GENERALI GROUP 1Q 2016 Results

GENERALI GROUP 1Q 2016 Results GENERALI GROUP 1Q 2016 Results The like for like change of written premiums, life net inflows, APE and NBV is on equivalent terms (on equivalent exchange rates and consolidation area). Agenda 2 I. Profit

More information

ManpowerGroup Second Quarter Results

ManpowerGroup Second Quarter Results ManpowerGroup Second Quarter Results July 21, 2015 FORWARD-LOOKING STATEMENT This presentation contains includes forward-looking statements, including statements financial which projections, are subject

More information

Analysts & Press Presentation. Fabrizio Viola - CEO Bernardo Mingrone - CFO

Analysts & Press Presentation. Fabrizio Viola - CEO Bernardo Mingrone - CFO Analysts & Press Presentation Fabrizio Viola - CEO Bernardo Mingrone - CFO Siena 24 th September 2015 Executive Summary Settlement agreement with Nomura on the Alexandria transaction Closing of the last

More information

For further information UBI Banca Investor Relations Tel.+ 39 0353922217 Email: investor.relations@ubibanca.it UBI Banca Press relations Tel.

For further information UBI Banca Investor Relations Tel.+ 39 0353922217 Email: investor.relations@ubibanca.it UBI Banca Press relations Tel. - - - For further information UBI Banca Investor Relations Tel.+ 39 0353922217 Email: investor.relations@ubibanca.it UBI Banca Press relations Tel.+ 39 0302433591 +39 3358268310 Email: relesterne@ubibanca.it

More information

Conference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO. February 10, 2016 ON THE RIGHT TRACK

Conference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO. February 10, 2016 ON THE RIGHT TRACK Conference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO February 10, 2016 ON THE RIGHT TRACK On the right track Heidelberg is on track - the improvement in results due to the strategic realignment

More information

ManpowerGroup First Quarter Results

ManpowerGroup First Quarter Results ManpowerGroup First Quarter Results April 23, 2014 Forward-Looking Statements This presentation contains statements, including financial projections, that are forward-looking in nature. These statements

More information

PRESS RELEASE Amsterdam, 23 July 2010

PRESS RELEASE Amsterdam, 23 July 2010 CORPORATE COMMUNICATIONS PRESS RELEASE Amsterdam, 23 July 2010 ING comfortably passes CEBS stress test Outcome reflects strong capital position and resilient balance sheet Under adverse stress scenario

More information

TD Bank Financial Group Q4/08 Guide to Basel II

TD Bank Financial Group Q4/08 Guide to Basel II TD Bank Financial Group Q4/08 Guide to Basel II 1. OVERVIEW General Information on Basel can be found on the Canadian Bankers Association website at www.cba.ca. Choose Issues, Standards, Rules and Guidelines

More information

Creating a Leading Digital Telco in Germany

Creating a Leading Digital Telco in Germany Creating a Leading Digital Telco in 23 July 2013 Disclaimer This document contains statements that constitute forward looking statements about Group (going forward, the Company or ) including financial

More information

Bank of America Merrill Lynch Banking and Insurance CEO Conference. London, 29 September 2009

Bank of America Merrill Lynch Banking and Insurance CEO Conference. London, 29 September 2009 Bank of America Merrill Lynch Banking and Insurance CEO Conference London, 29 September 2009 Good morning. I d like to thank Bank of America Merrill Lynch for letting us speak this morning. Before I talk

More information

Bank of Ireland A strengthened platform for sustainable growth

Bank of Ireland A strengthened platform for sustainable growth Bank of Ireland A strengthened platform for sustainable growth May 2010 SUPPORT STABILITY STRENGTH 2008 2009 2010 2011 Important notice Information contained herein has not been independently verified

More information

Deutsche Bank Stefan Krause

Deutsche Bank Stefan Krause Deutsche Bank Stefan Krause Chief Financial Officer Deutsche Bank German & Austrian Corporate Conference Frankfurt, 23 June 2009 Agenda 1 Strength through the crisis 2 Well positioned to stay strong 3

More information

Conference Call Q2-2015/2016

Conference Call Q2-2015/2016 Conference Call Q2-2015/2016 DIRK KALIEBE, CFO November 13, 2015 Update strategy implementation: Services Consumables Sheetfed Digital Heidelberger Druckmaschinen AG 2 Update strategy implementation 1/4

More information

FOURTH SUPPLEMENT TO THE BASE PROSPECTUS IN RESPECT OF THE STRUCTURED PRODUCTS PROGRAMME FOR THE ISSUANCE OF NOTES ABN AMRO BANK N.V.

FOURTH SUPPLEMENT TO THE BASE PROSPECTUS IN RESPECT OF THE STRUCTURED PRODUCTS PROGRAMME FOR THE ISSUANCE OF NOTES ABN AMRO BANK N.V. 27 June FOURTH SUPPLEMENT TO THE BASE PROSPECTUS IN RESPECT OF THE STRUCTURED PRODUCTS PROGRAMME FOR THE ISSUANCE OF NOTES ABN AMRO BANK N.V. (Registered at Amsterdam, The Netherlands) ABN AMRO Structured

More information

Fixed Income Investor Presentation DBS Group May 2016

Fixed Income Investor Presentation DBS Group May 2016 Fixed Income Investor Presentation DBS Group May 2016 Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed

More information

ManpowerGroup Third Quarter Results

ManpowerGroup Third Quarter Results ManpowerGroup Third Quarter Results October 21, 2014 Forward-Looking Statements This presentation contains statements, including financial projections, that are forward-looking in nature. These statements

More information

Capital Cost Implications of Pending and Proposed Regulatory Changes

Capital Cost Implications of Pending and Proposed Regulatory Changes J State Street s Digest of Topics in Securities Finance In View ISSUE 3 AUG. 2014 Capital Cost Implications of Pending and Proposed Regulatory Changes As we noted in our first In View article entitled,

More information

SBERBANK GROUP S IFRS RESULTS. March 2015

SBERBANK GROUP S IFRS RESULTS. March 2015 SBERBANK GROUP S IFRS RESULTS 2014 March 2015 SUMMARY OF PERFORMANCE FOR 2014 STATEMENT OF PROFIT OR LOSS Net profit reached RUB 290.3bn (or RUB 13.45 per ordinary share), compared to RUB 362.0bn (or RUB

More information

Health Care Worldwide. Citi - European Credit Conference September 24, 2015 - London

Health Care Worldwide. Citi - European Credit Conference September 24, 2015 - London Health Care Worldwide Citi - European Credit Conference September 24, 2015 - London Safe Harbor Statement This presentation contains forward-looking statements that are subject to various risks and uncertainties.

More information

Sberbank Group s IFRS Results for 6 Months 2013. August 2013

Sberbank Group s IFRS Results for 6 Months 2013. August 2013 Sberbank Group s IFRS Results for 6 Months 2013 August 2013 Summary of 6 Months 2013 performance: Income Statement Net profit reached RUB 174.5 bn (or RUB 7.95 per ordinary share), a 0.5% decrease on RUB

More information

The financial turbulence and Norway what lessons can be drawn? Governor Øystein Olsen Eiendomsdagene Norefjell 19 January 2012

The financial turbulence and Norway what lessons can be drawn? Governor Øystein Olsen Eiendomsdagene Norefjell 19 January 2012 The financial turbulence and Norway what lessons can be drawn? Governor Øystein Olsen Eiendomsdagene Norefjell 19 January 1 The run-up to the financial crisis 1. Sharp rise in debt and asset prices low

More information

Corporate & Investment Banking Top 5 position in Europe

Corporate & Investment Banking Top 5 position in Europe 15 June 2010 Corporate & Investment Banking Top 5 position in Europe Séverin Cabannes Deputy Chief Executive Officer Michel Péretié Head of Corporate and Investment Banking A model able to generate strong

More information

E.SUN FHC Financial Review of 1Q 2015

E.SUN FHC Financial Review of 1Q 2015 E.SUN FHC Financial Review of 1Q 2015 May 2015 Disclaimer This Presentation is provided by E.SUN Financial Holding Co., Ltd. ( E.SUN FHC ). E.SUN makes no guarantee or warranties as to the accuracy or

More information

Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft 7 February 2013 Deutsche Bank Aktiengesellschaft Fourth Supplemental Registration Document Pursuant to Art. 5 (3) of the Directive 2003/71/EC and 12 (1) 3 German Securities Prospectus Act (Wertpapierprospektgesetz)

More information