Disclosures according to Pfandbriefgesetz
Mortgage Pfandbriefe
Art. 28 (1) No. 1, 2, 3 PfandBG | €m | 30.6.2020 | 30.6.2019 | ||||
Risk-adjusted | Risk-adjusted | |||||
Nominal | Net present | net present | Nominal | Net present | net present | |
Cover calculation mortgage Pfandbriefe | value | value | value1 | value | value | value1 |
Liabilities to be covered | 20,986.5 | 22,430.6 | 21,273.1 | 19,778.6 | 21,189.5 | 20,146.5 |
of which Pfandbriefe outstanding | 20,986.5 | 22,430.6 | 21,273.1 | 19,778.6 | 21,189.5 | 20,146.5 |
of which derivatives | - | - | - | - | - | - |
Cover assets | 31,773.1 | 35,501.0 | 33,427.2 | 29,060.7 | 32,907.2 | 31,221.9 |
of which cover loans | 30,789.2 | 34,303.4 | 32,299.3 | 26,789.4 | 29,750.2 | 28,255.5 |
of which cover assets Art. 19 (1) No. 1, 2, 3 | ||||||
PfandBG | 983.9 | 1,197.6 | 1,127.9 | 2,271.3 | 3,157.0 | 2,966.4 |
of which derivatives | - | - | - | - | - | - |
Risk-adjusted net present value after interest | ||||||
rate stress test | 12,154.1 | 11,075.4 | ||||
Loss from currency stress test | - | - | ||||
Cover surplus | 10,786.6 | 13,070.4 | 12,154.1 | 9,282.1 | 11,717.7 | 11,075.4 |
- Risk-adjustednet present value including currency stress test.
Art. 28 (1) no. 2 PfandBG | €m | 30.6.2020 | 30.6.2019 |
Mortgage Pfandbriefe outstanding with a residual term of | ||
up to 6 months | 1,264.3 | 2,502.1 |
over 6 months up to 12 months | 746.7 | 40.3 |
over 12 months up to 18 months | 57.0 | 1,269.0 |
over 18 months up to 2 years | 1,125.0 | 746.7 |
over 2 years up to 3 years | 3,877.0 | 1,182.0 |
over 3 years up to 4 years | 2,875.5 | 1,877.0 |
over 4 years up to 5 years | 2,682.0 | 2,875.5 |
over 5 years up to 10 years | 6,948.0 | 7,875.0 |
over 10 years | 1,411.0 | 1,411.0 |
Total | 20,986.5 | 19,778.6 |
Cover assets mortgage Pfandbriefe with a residual fixed interest period of | ||
up to 6 months | 1,088.8 | 958.1 |
over 6 months up to 12 months | 1,081.5 | 1,090.3 |
over 12 months up to 18 months | 987.7 | 1,176.7 |
over 18 months up to 2 years | 1,336.3 | 1,069.5 |
over 2 years up to 3 years | 3,207.5 | 2,346.6 |
over 3 years up to 4 years | 3,429.6 | 3,054.5 |
over 4 years up to 5 years | 3,914.7 | 3,208.0 |
over 5 years up to 10 years | 14,553.2 | 14,018.7 |
over 10 years | 2,174.0 | 2,138.4 |
Total | 31,773.1 | 29,060.7 |
Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.
Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz | 30 June 2020 | Page 2 |
Art. 28 (1) no. 4, 5, 6 PfandBG | 30.6.2020 | 30.6.2019 | ||||
Other cover assets | €m | ||||||
Equalisation claims as defined by Art. 19 (1) no. 1 Pfandbriefgesetz | ||||||
Germany | - | - | ||||
Total | - | - | ||||
Loans as defined by Art. 19 (1) no. 2 Pfandbriefgesetz | ||||||
Germany | - | - | ||||
of which covered bonds as defined by Art. 129 of EU Regulation 575/2013 | - | - | ||||
Total | - | - | ||||
Loans as defined by Art. 19 (1) no. 3 Pfandbriefgesetz | ||||||
Germany | 425.0 | 505.0 | ||||
Italy | 344.9 | 1,595.8 | ||||
Austria | 124.0 | 84.0 | ||||
Spain | 90.0 | - | ||||
Czech Republic | - | 86.5 | ||||
Total | 983.9 | 2,271.3 | ||||
Total | 983.9 | 2,271.3 | ||||
Art. 28 (2) no. 1 a PfandBG | ||||||
Size categories | €m | 30.6.2020 | 30.6.2019 | ||||
Up to €0.3m | 23,656.8 | 20,759.2 | ||||
over €0.3m up to €1m | 5,429.4 | 4,568.8 | ||||
over €1m up to €10m | 1,041.3 | 926.1 | ||||
over €10m | 661.7 | 535.3 | ||||
Total | 30,789.2 | 26,789.4 | ||||
Art. 28 (2) no. 1 b and c PfandBG | ||||||
Mortgage Pfandbriefe by country and type of | ||||||
use | €m | 30.6.2020 | 30.6.2019 | ||||
Germany | Commercial | Residential | Commercial | Residential | ||
Flats | - | 8,300.8 | - | 6,947.3 | ||
Single family house | - | 18,224.6 | - | 16,064.6 | ||
Multi-dwellings | - | 3,506.9 | - | 3,128.3 | ||
Office buildings | 429.7 | - | 374.3 | - | ||
Retail buildings | 175.4 | - | 220.7 | - | ||
Industrial buildings | 0.2 | - | 0.2 | - | ||
Other commercially used real estate | 151.0 | - | 54.0 | - | ||
Unfinished new buildings | ||||||
not yet generating income | - | 0.6 | - | - | ||
Building sites | - | - | - | - | ||
Total | 756.2 | 30,033.0 | 649.2 | 26,140.2 | ||
Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.
Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz | 30 June 2020 | Page 3 |
Art. 28 (1) no. 10 PfandBG | ||
Foreign currency | €m | 30.6.2020 | 30.6.2019 |
Net present value | - | - |
Art. 28 (1) no. 9 PfandBG | ||
Interest structure | % | 30.6.2020 | 30.6.2019 |
Share of fixed-income cover assets | 98.6 | 98.3 |
Share of fixed-income Pfandbriefe | 90.0 | 99.5 |
Art. 28 (1) no. 8 PfandBG | ||
Limit breaches | €m | 30.6.2020 | 30.6.2019 |
Total amount of loans that exceed the limits defined by Art. 13 (1) PfandBG | - | - |
Total amount of loans that exceed the limits defined by Art. 19 (1) PfandBG | - | - |
Art. 28 (1) no. 11 PfandBG | ||
Other structural data | 30.6.2020 | 30.6.2019 |
Average age of the loans weighted by value, in years (seasoning) | 4.7 | 4.7 |
Average weighted loan-to-value ratio in % | 52.6 | 52.7 |
Art. 28 (2) no. 2 PfandBG | ||
Payments in arrear Germany | €m | 30.6.2020 | 30.6.2019 |
Total payments overdue by at least 90 days | - | - |
Total amount of interest in arrears | - | - |
Total amount of these receivables where the arrears represent at least 5% of the receivable | ||
concerned | - | - |
Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.
Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz | 30 June 2020 | Page 4 |
Public Pfandbriefe
Art. 28 (1) no. 1 and 3 PfandBG | €m | 30.6.2020 | 30.6.2019 | ||||
Risk-adjusted | Risk-adjusted | |||||
Nominal | Net present | net present | Nominal | Net present | net present | |
Cover calculation public Pfandbriefe | value | value | value1 | value | value | value1 |
Liabilities to be covered | 11,842.3 | 14,525.7 | 13,806.6 | 8,157.2 | 10,758.5 | 10,037.3 |
of which Pfandbriefe outstanding | 11,842.3 | 14,525.7 | 13,806.6 | 8,157.2 | 10,758.5 | 10,037.3 |
of which derivatives | - | - | - | - | - | - |
Cover assets | 12,602.9 | 17,908.7 | 15,503.3 | 10,992.4 | 15,139.8 | 13,425.1 |
of which cover loans for export finance | 2,171.7 | 2,296.1 | 2,239.9 | 1,608.1 | 1,669.5 | 1,647.5 |
of which cover assets Art. 20 (1) PfandBG | 12,517.3 | 17,799.5 | 15,400.1 | 10,850.0 | 14,971.2 | 13,264.4 |
of which cover assets Art. 20 (2) PfandBG | 85.6 | 109.2 | 103.2 | 142.4 | 168.6 | 160.7 |
of which derivatives | - | - | - | - | - | - |
Risk-adjusted net present value after interest | ||||||
rate stress test | 2,332.4 | 3,745.8 | ||||
Loss from currency stress test | -635.7 | -358.0 | ||||
Cover surplus | 760.6 | 3,382.9 | 1,696.8 | 2,835.2 | 4,381.3 | 3,387.8 |
- Risk-adjustednet present value including currency stress test.
Art. 28 (1) no. 2 PfandBG | €m | 30.6.2020 | 30.6.2019 |
Public Pfandbriefe outstanding with a residual term of | ||
up to 6 months | 463.4 | 609.6 |
over 6 months up to 12 months | 110.5 | 539.7 |
over 12 months up to 18 months | 231.1 | 461.0 |
over 18 months up to 2 years | 147.5 | 110.5 |
over 2 years up to 3 years | 3,313.0 | 1,327.0 |
over 3 years up to 4 years | 1,216.2 | 463.0 |
over 4 years up to 5 years | 2,646.4 | 264.8 |
over 5 years up to 10 years | 1,716.9 | 2,039.9 |
over 10 years | 1,997.4 | 2,341.6 |
Total | 11,842.3 | 8,157.2 |
Cover assets public Pfandbriefe with a residual fixed interest period of | ||
up to 6 months | 907.2 | 464.8 |
over 6 months up to 12 months | 501.9 | 487.3 |
over 12 months up to 18 months | 247.3 | 538.3 |
over 18 months up to 2 years | 501.7 | 365.6 |
over 2 years up to 3 years | 881.7 | 570.8 |
over 3 years up to 4 years | 744.7 | 676.3 |
over 4 years up to 5 years | 807.3 | 563.5 |
over 5 years up to 10 years | 3,677.4 | 2,594.9 |
over 10 years | 4,333.7 | 4,730.9 |
Total | 12,602.9 | 10,992.4 |
Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.
Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz | 30 June 2020 | Page 5 |
Art. 28 (1) no. 4 and 5 PfandBG | ||
Other cover assets | €m | 30.6.2020 | 30.6.2019 |
Equalisation claims as defined by Art. 20 (2) no. 1 Pfandbriefgesetz | ||
Germany | - | - |
Total | - | - |
Loans as defined by Art. 20 (2) no. 2 Pfandbriefgesetz | ||
Germany | 85.6 | 87.4 |
of which covered bonds as defined by Art. 129 of EU Regulation 575/2013 | - | - |
Switzerland | - | 55.0 |
of which covered bonds as defined by Art. 129 of EU Regulation 575/2013 | - | - |
Total | 85.6 | 142.4 |
Total | 85.6 | 142.4 |
Art. 28 (3) no.1 PfandBG | ||
Size categories | €m | 30.6.2020 | 30.6.2019 |
up to €10m | 511.8 | 225.7 |
over €10m up to €100m | 3,540.2 | 2,383.7 |
over €100m | 8,465.2 | 8,240.6 |
Total | 12,517.3 | 10,850.0 |
Art. 28 (1) no. 10 PfandBG | ||
Foreign currency | €m | 30.6.2020 | 30.6.2019 |
Net present value in Australian dollars | 9.8 | - |
Net present value in Swiss francs | 588.7 | 567.6 |
Net present value in British pounds | 3,842.9 | 2,924.6 |
Net present value in US dollars | 930.3 | 695.2 |
Art. 28 (1) no. 9 PfandBG | ||
Interest structure | % | 30.6.2020 | 30.6.2019 |
Share of fixed-income cover assets | 72.0 | 71.7 |
Share of fixed-income Pfandbriefe | 46.4 | 80.2 |
Art. 28 (1) no. 8 PfandBG | ||
Limit breaches | €m | 30.6.2020 | 30.6.2019 |
Total amount of loans that exceed the limits defined by Art. 20 (2) PfandBG | - | - |
Art. 28 (3) no. 3 PfandBG | ||
Payments in arrear | €m | 30.6.2020 | 30.6.2019 |
Total payments overdue by at least 90 days | - | - |
Total amount of these receivables where the arrears represent | ||
at least 5% of the receivable concerned | - | - |
Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.
Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz | 30 June 2020 | Page 6 |
Art. 28 (3) no. 2 PfandBG | 30.6.2020 | 30.6.2019 |
Registered office of borrowers or guarantors | €m | ||
Total | 12,517.3 | 10,850.0 |
of which borrowers have a registered office in | ||
Countries | 902.6 | 1,001.1 |
Great Britain/North Ireland/Channel Islands/Isle of Man | 58.7 | 147.9 |
Iceland | 94.7 | 93.9 |
Italy | 43.9 | 44.1 |
Canada | 15.4 | 15.1 |
Austria | 365.0 | 425.0 |
Portugal | 100.0 | 275.0 |
Spain | 225.0 | - |
Regional authorities | 4,521.2 | 4,765.3 |
Germany | 3,189.2 | 3,489.3 |
France including Monaco | 32.1 | 37.9 |
Italy | 280.7 | 222.9 |
Japan | 42.0 | 42.0 |
Canada | 18.6 | 43.8 |
Switzerland | 713.6 | 684.4 |
Spain | 245.1 | 245.1 |
Local authorities | 3,852.0 | 2,163.5 |
Germany | 1,447.0 | 10.4 |
Estonia | 2.8 | 4.1 |
Finland | 71.2 | 76.2 |
France including Monaco | 15.7 | 18.5 |
Great Britain/North Ireland/Channel Islands/Isle of Man | 1,561.0 | 1,327.8 |
Italy | 335.0 | 296.0 |
Switzerland | 95.6 | 101.8 |
USA | 323.7 | 328.6 |
Other borrowers with a registered office in | 590.8 | 596.5 |
Germany | 195.0 | 195.0 |
France including Monaco | 357.3 | 363.6 |
USA | 38.5 | 37.9 |
Total | 9,866.6 | 8,526.4 |
of which guarantors have a registered office in | ||
Countries | 2,171.7 | 1,608.1 |
Germany | 1,832.1 | 1,526.2 |
of which receivables from export credit agencies | 1,832.1 | 1,526.2 |
Denmark | 48.7 | - |
of which receivables from export credit agencies | 48.7 | - |
Finland | 32.2 | 55.3 |
of which receivables from export credit agencies | 32.2 | 55.3 |
France including Monaco | 47.9 | - |
of which receivables from export credit agencies | 47.9 | - |
Great Britain/North Ireland/Channel Islands/Isle of Man | 9.0 | - |
of which receivables from export credit agencies | 9.0 | - |
Austria | 1.2 | - |
of which receivables from export credit agencies | 1.2 | - |
Sweden | 24.3 | - |
of which receivables from export credit agencies | 24.3 | - |
Switzerland | 176.3 | 26.6 |
of which receivables from export credit agencies | 176.3 | 26.6 |
Regional authorities | 73.5 | 105.7 |
Belgium | 73.5 | 105.7 |
Local authorities | - | - |
Other borrowers | 405.5 | 609.8 |
Germany | 405.5 | 609.8 |
Total | 2,650.7 | 2,323.6 |
Other cover assets as defined by Art. 20 (2) Pfandbriefgesetz | 85.6 | 142.4 |
Total | 12,602.9 | 10,992.4 |
Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.
Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz | 30 June 2020 | Page 7 |
Shipping Pfandbriefe
Commerzbank surrendered its licence to operate shipping Pfand- brief business with effect from 31 May 2017. As of 1 June 2017 the Federal Financial Supervisory Authority granted an exception to the cap set for further cover assets under the Pfandbrief Act Art. 26 (1) no. 4. Shipping Pfandbriefs issued are fully secured by addi-
tional assets that satisfy the requirements for covering public- sector Pfandbriefs and (to the extent that they exceed the cap on other cover assets under the Pfandbrief Act) also the credit rating criteria set by the Federal Financial Supervisory Authority.
Art. 28 (1) no. 1 and 3 | €m | 30.6.2020 | 30.6.2019 | ||||
Net | Risk-adjusted | Net | Risk-adjusted | |||
Nominal | present | net present | Nominal | present | net present | |
Cover calculation ship Pfandbriefe | value | value | value1 | value | value | value1 |
Liabilities to be covered | 312.5 | 345.9 | 339.8 | 372.5 | 421.6 | 412.0 |
of which Pfandbriefe outstanding | 312.5 | 345.9 | 339.8 | 372.5 | 421.6 | 412.0 |
of which derivatives | - | - | - | - | - | - |
Cover assets | 363.0 | 429.6 | 403.5 | 423.0 | 454.6 | 440.2 |
of which cover loans | - | - | - | - | - | - |
of which cover assets as defined by Art. 26 (1) | ||||||
no. 2, 3, 4 PfandBG | 363.0 | 429.6 | 403.5 | 423.0 | 454.6 | 440.2 |
of which derivatives | - | - | - | - | - | - |
Risk-adjusted net present value after interest | ||||||
rate stress test | 63.7 | 28.3 | ||||
Loss from currency stress test | - | - | ||||
Cover surplus | 50.5 | 83.7 | 63.7 | 50.5 | 33.0 | 28.3 |
- Risk-adjustednet present value including currency stress test.
Art. 28 (1) no. 2 PfandBG | €m | 30.6.2020 | 30.6.2019 |
Ship Pfandbriefe outstanding with a residual term of | ||
up to 6 months | 102.0 | 35.0 |
over 6 months up to 12 months | 41.5 | 25.0 |
over 12 months up to 18 months | 50.0 | 102.0 |
over 18 months up to 2 years | 10.0 | 41.5 |
over 2 years up to 3 years | 50.0 | 60.0 |
over 3 years up to 4 years | 10.0 | 50.0 |
over 4 years up to 5 years | 5.0 | 10.0 |
over 5 years up to 10 years | 44.0 | 49.0 |
over 10 years | - | - |
Total | 312.5 | 372.5 |
Cover assets ship Pfandbriefe with a residual fixed interest period of | ||
up to 6 months | - | - |
over 6 months up to 12 months | 70.0 | 140.0 |
over 12 months up to 18 months | - | - |
over 18 months up to 2 years | 48.0 | 70.0 |
over 2 years up to 3 years | 125.0 | 48.0 |
over 3 years up to 4 years | - | 125.0 |
over 4 years up to 5 years | - | - |
over 5 years up to 10 years | - | - |
over 10 years | 120.0 | 40.0 |
Total | 363.0 | 423.0 |
Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.
Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz | 30 June 2020 | Page 8 |
Art. 28 (1) no. 4, 5 and 6 PfandBG | ||
Other cover assets | €m | 30.6.2020 | 30.6.2019 |
Germany | ||
Equalisation claims as defined by Art. 26 (1) no. 2 Pfandbriefgesetz | - | - |
Loans as defined by Art. 26 (1) no. 3 Pfandbriefgesetz | - | - |
of which covered bonds as defined by Art. 129 of EU Regulation 575/2013 | - | - |
Loans as defined by Art. 26 (1) no. 4 Pfandbriefgesetz | 243.0 | 383.0 |
Austria | - | - |
Equalisation claims as defined by Art. 26 (1) no. 2 Pfandbriefgesetz | - | - |
Loans as defined by Art. 26 (1) no. 3 Pfandbriefgesetz | - | - |
of which covered bonds as defined by Art. 129 of EU Regulation 575/2013 | - | - |
Loans as defined by Art. 26 (1) no. 4 Pfandbriefgesetz | 100.0 | - |
Portugal | ||
Equalisation claims as defined by Art. 26 (1) no. 2 Pfandbriefgesetz | - | - |
Loans as defined by Art. 26 (1) no. 3 Pfandbriefgesetz | - | - |
of which covered bonds as defined by Art. 129 of EU Regulation 575/2013 | - | - |
Loans as defined by Art. 26 (1) no. 4 Pfandbriefgesetz | 20.0 | 40.0 |
Total | 363.0 | 423.0 |
Art. 28 (4) no. 1 a | ||
Size categories | €m | 30.6.2020 | 30.6.2019 |
Up to €0.5m | - | - |
over €0.5m up to €5m | - | - |
More than €5m | - | - |
Total | - | - |
Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.
Commerzbank Aktiengesellschaft | Disclosures Art. 28 Pfandbriefgesetz | 30 June 2020 | Page 9 |
Art. 28 (4) no. 1 b PfandBG | ||
Country in which the mortgaged vessel or vessel under construction is registered | €m | 30.6.2020 | 30.6.2019 |
Ocean going vessels | - | - |
Inland waterway vessels | - | - |
Total | - | - |
Art. 28 (4) no. 1 b PfandBG | ||
Foreign currency | €m | 30.6.2020 | 30.6.2019 |
Net present value in Swiss francs | - | - |
Net present value in Japanese yen | - | - |
Net present value in US dollars | - | - |
Total | - | - |
Art. 28 (1) no. 9 PfandBG | ||
Interest structure | % | 30.6.2020 | 30.6.2019 |
Share of fixed-income cover assets | 79.3 | 82.3 |
Share of fixed-income Pfandbriefe | 100.0 | 97.3 |
Art. 28 (1) no. 8 PfandBG | ||
Limit breaches | €m | 30.6.2020 | 30.6.2019 |
Total amount of loans that exceed the limits defined by Art. 26 (1) PfandBG1 | - | - |
Payments in arrears
The nominal value of the loan receivables used to cover for ship Pfandbriefe was €0.0m; consequently no arrears of principal and interest existed.
In the previous year the nominal value of the loan receivables used to cover for ship Pfandbriefe was €0.0m. This did not include arrears of principal and interest, as principal payments cease to be
included in the cover calculation and interest was not treated as a cover asset after the due date.
Payments in arrears in excess of the cover amount stood at €0.0m in the previous year. Receivables where the arrears represented at least 5% of the receivable concerned amounted to €48.1m in total in the previous year.
Due to rounding, numbers and percentages presented throughout this report may not add up precisely to the totals provided.
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Commerzbank AG published this content on 28 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2020 09:35:01 UTC