Restatement due to the application of IFRS 5 / Discontinued Operations

Restatement due to the application of IFRS 5 / Discontinued Operations


As communicated with the Q3 2018 results, Commerzbank will report the Equity Markets & Commodities business (EMC) being sold to Societe Generale as discontinued business starting with Q4 2018. The comparative figures of the discontinued operation EMC have been adjusted retrospectively in accordance with IFRS 5. The result of the EMC business is shown separately in the income statement as discontinued business.

Restatement of realisation result from financial assets at amortised cost

With the introduction of IFRS 9 in 2018 the realisation result from financial assets at amortised cost was released as a sub-item of the risk result and is now shown as a sub-item of the other profit or loss from financial instruments. This results in a more appropriate presentation. Consequently, there is a consistent separation in valuation and realisation components for at amortised cost and fair value OCI financial instruments in the income statement. The comparative figures for the three quarters of the financial year 2018 have been adjusted accordingly.

Other changes

Also included in this restatement is the impact of regular business-driven transfers of customers between segments as well as other minor adjustments.

The reporting changes have no impact on consolidated profit or loss, the statement of comprehensive income or earnings per share.

These figures are preliminary and unaudited. The annual report 2018 is scheduled to be published end of March 2019.


About Commerzbank
Commerzbank is a leading international commercial bank with branches and offices in almost 50 countries. In the two business segments Private and Small Business Customers and Corporate Clients, the Bank offers a comprehensive portfolio of financial services which is precisely aligned to its clients’ needs. Commerzbank finances approximately 30% of Germany’s foreign trade and is the leading finance provider for corporate clients in Germany. Due to its in-depth sector know-how in the German economy, the Bank is a leading provider of capital market products. Its subsidiaries Comdirect in Germany and mBank 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 serves more than 18 million private and small business customers, as well as more than 60,000 corporate clients, multinationals, financial service providers, and institutional clients. The Bank, which was founded in 1870, is represented at all the world’s major stock exchanges. In 2017, it generated gross revenues of €9.1 billion with approximately 49,300 employees.