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Press Release ● Commerzbank with strong results in the first quarter – transformation successfully started ● ● ● ● ● Revenues ( in € m ) Revenues in Q1 increased by 35 % to € 2.49bn ( Q1 2020 : € 1.85bn ) Low risk result of minus € 149m ( Q1 2020 : minus € 326m ) Strong operating result of € 538m ( Q1 2020 : minus € 278m ) Net result of € 133m ( Q1 2020 : minus € 291m ) despite restructuring charges of € 465m Common Equity Tier 1 ratio improved to 13.4 % Full year outlook raised after good start into the year Agreement reached with employee representatives for personnel reduction Ambitious sustainability goals defined 1,851 Q12020 -278 Q12020 Operating result ( in € m ) 538 2,492 Issued by : Commerzbank Aktiengesellschaft Q1 2021 Group Communications 60261 Frankfurt / Main " We have already achieved some important milestones in our transformation and launched the key strategic projects . We are now consistently implementing these projects . " Manfred Knof , CEO Q1 2021 -326 For business editors 12 May 2021 13.2 Risk result ( in € m ) Q1 2020 COMMERZBANK Q1 2020 CET 1 ratio ( in percent ) -149 Q12021 www.commerzbank.com Phone +49 69 136-22830 Fax +49 69 136-29955 mediarelations@commerzbank.com 13.4 Q12021 " We started the year with very strong results , and we have achieved a positive net result after restructuring charges . " Bettina Orlopp , CFO