Slides
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Δ COMMERZBANK Record H1 result Outlook and targets confirmed 06 August 2026 Analyst conference - Q2 / H1 2026 Commerzbank , Frankfurt All figures in this presentation are subject to rounding
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H1 2026 vs H1 25 Outlook 2026 Targets 2028 Targets 2030 Revenues €6,518m +7.0% €13.2bn €15.0bn €16.8bn Risk result -€344m +14.7% ~850m ~25bp1 ~25bp1 Net result €1,810 +39.6% ≥€3.4bn €4.6bn €5.9bn Cost income ratio (excluding compulsory contributions) 53% (50%) -2.8pp (-3.0pp) 53% (51%) 48% (46%) 43% (41%) Net RoTE (excluding restructuring expenses) 12.6% (12.6%) +4.1pp (+1.5pp) ~12% ~17% ~21% CET1 ratio 14.4% -0.2pp >14.0% 13.7% 13.5% Capital return At a glance – outlook and targets confirmed 06 August 2026 Commerzbank, Frankfurt 1 1) CoRL: Cost of Risk on Loans Confirmed ConfirmedConfirmed €1.2bn share buyback applied for 100% payout based on net result after AT1 coupon payments and before extraordinary non-recurring items until CET1 ratio target of 13.5% is reached
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Bettina Orlopp CEO 06 August 2026 Commerzbank, Bettina Orlopp, Frankfurt 2
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Record performance in first half of 2026 06 August 2026 3Commerzbank, Bettina Orlopp, Frankfurt Total revenues (€bn) H1 24 H1 25 H1 26 5.4 6.1 6.5 +7% Cost income ratio (CIR) (%) 56 53 50 3 H1 24 3 H1 25 3 H1 26 59 56 53 H1 24 H1 25 H1 26 2.0 2.4 2.7 +14% Operating result (€bn) H1 24 H1 252 H1 26 8.9 8.5 12.6 Net RoTE (%) CET1 ratio (%) Net result (€bn) H1 24 H1 25 H1 26 14.8 14.6 14.4 Compulsory contributions H1 24 H1 251 H1 26 1.3 1.3 1.8 +40% 2) 11.1% excl. restructuring expenses (net of tax) 1) €1.7bn excl. restructuring expenses (net of tax)
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0.30.1 2022 0.4 0.6 2023 0.7 1.0 2024 1.2 1.5 2025 0.4 1.0 1.7 2.7 Next buyback of up to €1.2bn already approved by ECB 06 August 2026 4 Capital return and target capital return 2026e-2030e (€bn) 30 50 71 100 100 100 until 13.5% CET1 target ratio is reached 1.2 2026e 2028e 2030e ~3.2 ~4.4 ~5.6 Payout ratio (%)1 Dividend Buyback Buyback (applied for) 8% Total yield based on market capitalisation as of 30 June 2026 11% 14% Dividend share of capital return (%)65 41 42 44 Further growth of dividend share 0.20 0.35 0.65 1.10 Dividend per share (€) ≥50 Commerzbank, Bettina Orlopp, Frankfurt 1) Payout based on net result after AT1 payments and excluding restructuring expenses (net of tax); share buyback as part of payout subject to approval by ECB and German Finance Agency
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Outlook 2026 and strategy targets confirmed 06 August 2026 Commerzbank, Bettina Orlopp, Frankfurt 5 82 79 69 61 59 57 53 51 48 46 4375 74 62 57 56 5555 51 49 46 43 41 Net RoTE (%)1 CIR (%) CIR (%) excl. compulsory contributions -12 1 5 8 9 1010 12 14 17 19 21 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 German economy Momentum 2030 targets Sentiment in Mittelstand remains cautious at improved Ifo index Surprisingly good development of new orders in Q2 ECB lending survey signals improving demand by corporates Reform initiatives for pension reform, income tax and labour market initiated Expected GDP growth in 2026 lifted from 0.6% to 1% supported by revisions 1) From 2025 before restructuring expenses (net of tax). 2025: restructuring expenses of €562m; Momentum 2030: additional restructuring expenses of ~€450m expected to be booked largely from 2027
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01 02 03 06 August 2026 Commerzbank, Bettina Orlopp, Frankfurt 6 01 Execute strategy 02 Drive performance 03 Protect value Implement Momentum 2030 Consistently deliver financial results Leverage excellent client franchise and relationships Sustain high employee motivation Open for constructive strategic discussions Work in best interest of all stakeholders Clear management priorities
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01 Moving ahead: AI accelerates transformation progress 06 August 2026 Commerzbank, Bettina Orlopp, Frankfurt 7 Momentum 2030 AI From initiatives to proof points Value realisation through targeted investments in AI Q2 with tangible progress in deployment of AI innovations ~€600m cumulative AI investments 2026-2030 ~10% of capacity freed up by workplace efficiency and partially redeployed ~€500m p.a. value contribution in 2030 from AI-related initiatives AI-driven workplace efficiency Roll-out of Microsoft Copilot and Google Gemini and launch of AI academy for all employees AI customer service assistant Agent Assist rolled out to additional units and now available to ~2,800 employees AI-supported platform modernisation 10% of all IT systems decommissioned in H1 2026
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02 Corporate Clients is the clear number 1 in Germany 06 August 2026 Commerzbank, Bettina Orlopp, Frankfurt 8 Dominance in German Mittelstand #1 Leading Mittelstandsbank Leadership in Key Products & Operational Excellence #1 Trade & Export Finance 1 Delivery of tailored advice, innovative solutions, and market-leading products In H1 successful expansion of commodity products with trading into physical gas Strong, long-standing close and trustful relationship with our clients In H1 expanded offer for “Mittelstandsbank Direkt” Client orientation is our strength – locally established, globally networked Excellent advisory service for clients on finance and cash management solutions driving growth Leadership in German Corporate Banking #1 Best Bank for Corporate Clients 21 22 3832 79 1 76 24 29 6334 11 3619 43 DZ Bank BNP Paribas LBBW Deutsche Bank HVB/UniCredit1) % of 240 corporate managers surveyed in the FINANCE Banken-Survey 2026 voting for the bank
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02 Securities business boosts PSBC fee income 06 August 2026 Commerzbank, Bettina Orlopp, Frankfurt 9 1 #1 best branch bank and #1 best direct bank for the ninth time in a row #1 best SME premium account Best bank for private and SME customers Strong growth in portfolio management and securities +10% YoY H1 NCI growth PSBC Germany Securities volume PSBC Germany (H1 26 eop) +16% YoY~€285bn Discretionary portfolio management (H1 26 eop) +20% YoY~€25bn comdirect trades (H1 26) +5% YoY~21m
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03 Limited take-up of UniCredit’s offer by independent investors 06 August 2026 Commerzbank, Bettina Orlopp, Frankfurt 10 Offered to tender ~2.7 ~14.6 ~0.4 Tendered shares Securities lending1 as of 6 July 2026 73.2 17.6 ~10 Shareholders excl. UniCredit as of 05 May 2026 Institutional & retail shareholders UniCredit-linked financial institutions Others Tender result (% of shares outstanding) Regulatory approval process is still ongoing Conclusion of the Bafin investigation is outstanding Large portion of shares tendered by financial institutions has been most likely borrowed Only ~2.7% of institutional and retail investors have tendered shares 1) Securities lending reached up to ~12% during tender period
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03 Structural changes require at least 75% at AGM 06 August 2026 Commerzbank, Bettina Orlopp, Frankfurt 11 >50% at AGM >75% at AGM >90% of shares Full control Possibility of squeeze out of minority shareholders in order to reach full ownership De facto control Regular decisions like approval of dividend Election of shareholder representatives to the supervisory board German government has contractual right to propose 2 supervisory board members Qualified control Possibility to adopt domination agreement Allows changes in corporate structure and is usual basis for realisation of synergies Supervisory board and management are legally obliged to act in the best interest of all shareholders and protect minority shareholders’ rights
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03 A joint approach has potential to create value 06 August 2026 Commerzbank, Bettina Orlopp, Frankfurt 12 Momentum 2030 Proven strategy with clear commitment to upgraded targets delivering reliable shareholder value Commerzbank Unlocked Outside-in approach based on incomplete information and assumptions Aligned joint approach Constructive approach with jointly developed strategy based on existing business models Execution risks Limited Manageable Significant Strategic rationale Continue proven track record Leverage core strengths Outside-in assumptions Value creation Reliable and attractive Feasible and realistic Uncertain We are ready for constructive discussions with UniCredit
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Key Take Aways 06 August 2026 13 We achieved an excellent H1 result and confirm our guidance and targets We continue to focus on the implementation of our Momentum 2030 strategy that is delivering reliable shareholder value with low execution risk We are open to find a solution with UniCredit and will work in the best interest of all our stakeholders Commerzbank, Bettina Orlopp, Frankfurt Shareholders continue to benefit from our delivery and the optionality of the current situation
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Carsten Schmitt CFO 06 August 2026 Commerzbank, Carsten Schmitt, Frankfurt 1414
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Result (€m) Operating result Net result Net RoTE 5.8% Capital CET1 ratio RWA (€bn) Revenues (€m) Revenues Costs Cost income ratio CIR incl. compulsories CIR excl. compulsories Risk (€m) Risk result Non-performing exposure (NPE) ratio Strong performance in all key metrics 06 August 2026 15 Q2 25 Q1 26 Q2 26 3,019 3,219 3,299 -176 -142 -202 Q2 25 Q1 26 Q2 26 Q2 25 Q1 26 Q2 26 1,169 1,358 1,367 1.1% 14.6% Q2 25 14.5% Q1 26 14.4% Q2 26 12.7% 12.5% 1.1%1.1% 54% 50% 51% 55% 53% 52% 1,674 1,719 1,730 462 913 898 176 180 182 Commerzbank, Carsten Schmitt, Frankfurt
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06 August 2026 16 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 3,072 3,019 2,939 3,141 3,219 3,299 Revenues (€m) H1 25: 6,092 Commerzbank, Carsten Schmitt, Frankfurt Net commission income Net fair value Other Income (excl. FX loan prov.) FX loan provisions Net interest income 2,062 2,044 2,049 1,004 985 1,029 14 -38 -35 74 1,012 2,071 134 120 52 79 -158 -128 -107 -90 2,059 1,076 54 139 -29 2,047 33 1,102 53 -17 H1 26: 6,518H2 25: 6,080 Net interest income (NII) broadly stable YoY with strong growth in PSBC Germany and CC. Offsetting effects from lower rates in Poland and lower contributions in O&C – benefits from replication portfolio will increase in H2 Net commission income (NCI) up 7% YoY driven by strong growth in PSBC Germany Net fair value result (NFV) €92m higher YoY driven by mBank with €63m higher NFV offsetting lower NII and O&C up €35m also largely offsetting lower NII Other income excluding FX loan provisions €19m higher YoY mainly due to positive tax related effects and realisation gains – QoQ €86m higher, additionally benefitting from seasonally better dividend income and non-recurring hedge result Revenues net of FX loan provisions grew 6% YoY Year-on-year 9% revenue growth
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YoY 7% growth of net commission income 06 August 2026 17 125 140 139 132 139 137 546 517 499 541 595 571 350 355 353 363 377 376 -8 -8 -6 -7 -8 -8 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 1,012 1,004 985 1,029 1,102 1,076 CC PSBC Germany mBank O&C Commerzbank, Carsten Schmitt, Frankfurt H1 26: 2,178H1 25: 2,015 H2 25: 2,014 Net commission income (NCI) (€m) Corporate Clients (CC) with 6% YoY growth driven by primary bonds business and payment services Private and Small-Business Customers Germany (PSBC Germany) with 11% growth YoY based on good securities business and higher account fees mBank with continued strength of customer activities across most product areas with Q2 nearly reaching the very strong Q1 – Q2 25 benefited from a one-off
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NCI driven by capital markets and securities business 06 August 2026 18 118 126 115 111 133 135 199 195 202 206 201 205 33 Q1 25 34 Q2 25 35 Q3 25 46 Q4 25 42 Q1 26 36 Q2 26 350 355 353 363 377 376 33 26 18 26 31 2483 88 87 98 85 84 125 130 127 134 143 150 305 273 266 283 336 313 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 546 517 499 541 595 571 Securities business Payments business Asset management Pension products / other Securities volume (€bn | eop) Cash & Trade Capital Markets Lending / other 243 247 Commerzbank, Carsten Schmitt, Frankfurt 259 266 261 285 Net commission income Corporate Clients (€m) Net commission income PSBC Germany (€m) Corporate Clients Cash & Trade holding up very well with strong contribution from payment transactions and guarantees Capital Markets maintained strong performance driven by bond origination YoY stable contribution from lending Private and Small-Business Customers Germany YoY strong growth in securities business due to higher volume- and transaction-based fees YoY payments business driven by higher account fees AM maintained level of Q1 Increase in securities volume from new money (€2.7bn) and market movements
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Overall stable net interest income 06 August 2026 19 273 267 250 225 230 216 600 587 566 543 521 533 602 593 592 628 657 650 596 615 637 653 639 660 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 2,071 2,062 2,044 2,049 2,047 2,059 CC PSBC Germany mBank O&C 2.04% 3.75% Commerzbank, Carsten Schmitt, Frankfurt 2.79% 2.26% 5.75% 5.46% 2.00% 4.94% 2.00% 4.30% 2.00% 3.93% H1 26: 4,106H1 25: 4,133 H2 25: 4,094 Net interest income (NII) (€m) Corporate Clients (CC) with YoY and QoQ NII growth reflecting the increased loan volume in our German and international client base. QoQ increase also driven by higher sight deposit revenues Private and Small-Business Customers Germany (PSBC Germany) with YoY 10% higher NII largely driven by deposit management and replication portfolio – QoQ slightly lower due to early mortgage repayments (-€16m offset in O&C) mBank with lower NII YoY as significant loan and deposit growth only partially compensate lower rates – offset by measures to stabilise NII reported in NFV Others & Consolidation (O&C) with YoY lower NII in line with ECB rates partially offset in NFV. QoQ decrease in NII more than offset in NFV Average NBP reference rate Average ECB deposit rate
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Continued loan growth 06 August 2026 20 96 39 29 (3) 10 29 (3) 68 30 63 66 29 (3)29 (3) 96 96 Q1 26Q1 25 14 34 10 31 41 65 11 66 68 36 97 13 29 (3) 96 29 (3) 96 Q4 25 Institutionals & others 14 Internat. corp. Q2 25 Mittelstand Other loans (o/w cons. loans) Q3 25 Mortgages 229 232 236 240 246 249 Q2 26 80 80 80 80 80 80 90 89 96 98 94 92 57 57 56 60 60 62 39 39 38 39 41 41 Q3 25 Q1 26Q4 25Q1 25 Q2 25 Q2 26 CC term/call CC sight PSBC sight 266 265 271 278 275 275 PSBC term/call/ saving Average deposit beta CC PSBC Germany ~41% Commerzbank, Carsten Schmitt, Frankfurt ~38% ~39% ~42% ~41% ~40% Loan volume (Group ex mBank) (Quarterly averages | €bn) Deposit volume (Group ex mBank) (Quarterly averages | €bn) In CC loan volume growth of €17bn (16%) YoY and €3bn (2%) QoQ across all client groups German residential mortgage volume stable QoQ. New business volume €2.0bn In CC deposit volume increased by €8bn YoY and €2bn QoQ across both term/call and sight deposits In PSBC Germany YoY increasing deposit volume while QoQ decrease by -€2bn driven by outflows of call deposit in a competitive market Beta increased to ~41% mainly due to net inflows of higher beta deposits in CC
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Diversified drivers of sustained loan growth in CC 06 August 2026 21Commerzbank, Carsten Schmitt, Frankfurt Continued increase in capital accretive business at moderate margins mainly with German public sector companies Ongoing growth for investment and working capital to DACH connected corporates outside Germany (H1 26 increase: ~60% Europe, ~30% USA, and ~10% Asia) +16% Q2 2025 In H1 26 moderate growth in lending mainly with Financial Institutions 52 22 26 14 9 Q2 2026 51 20 18 10 7 123 Investments and working capital needs increased in H1 26 vs. H2 25 Strong growth in green financing in Germany and internationally Corporates in Germany German public sector Corporates outside Germany Institutionals & Other Green Infrastructure 1 2 9 4 2 106 Corporate Clients loan volumes (Quarterly averages | €bn) Changes since Q2 2025 (€bn)
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06 August 2026 22Commerzbank, Carsten Schmitt, Frankfurt 2025 +0.6 Replication portfolio -0.2 ECB rate sensitive positions -0.1 Beta¹ +0.2 Loans and deposits -0.1 mBank H1: 4.1 2026e 8.2 ~8.6 Equity and deposit replication portfolio Volume €179bn Average duration 3.7y Average yield 1.33% Ø deposit rate 2025: 2.27% 2026e: 2.21% H1 26: 2.02% Ø Beta 2025: 40% 2026e: 41% Lower interest rates in Poland Growth in loan and deposit volumes ~€25m sensitivity2 to +/-10bp swap rate ~€60m sensitivity2 to +/-10bp in ECB rate ~€60m sensitivity2 to +/-1pp beta change 2.27% average ECB deposit rate 2.21% Expected development of NII (€bn) NII outlook 2026 confirmed at ~€8.6bn 1) Deposit beta is the average interest pass-through rate to customers across interest-bearing and non-interest-bearing deposit products based on ECB deposit rate; sensitivity relative to FY 2025 2) Sensitivity for 12 months
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06 August 2026 23 402 433 147 173 H1 25 182 H1 26 15 H1 25 9 H1 26 H1 25 H1 26 3,396 3,449 2,847 2,843 549 606 3,234 3,267 2,832 2,834 162 1.6% -0.1% +10.3% Operating expenses Compulsory contributions mBankGroup ex mBank Group Commerzbank, Carsten Schmitt, Frankfurt Costs (€m) Total Group costs broadly stable despite salary increases and higher IT investments Group ex mBank operating expenses remained flat while investing more in IT projects (YoY H1 26 up 12%, especially for AI and digitalisation), ongoing shoring and sourcing activities, general salary increases, and the employee share programme. These increases are compensated by active cost management and a lower valuation effect for equity-based compensation – H1 25 was also burdened by an impairment of intangibles mBank’s costs rose due to investments in business growth and increasing contribution to the Polish Resolution Fund H1 CIR (incl. compulsories) ~53% in line with FY target H1 CIR (excl. compulsories) ~50% vs. H1 25 ~53% Costs strictly managed in line with 53% CIR target
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06 August 2026 24 -123 -176 -215 -207 -142 -202 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 risk result of -€202m in line with expectation of ~€850m for FY 2026 Approach regarding overlays for in-model adjustments and collective staging for risks stemming from macro-economic environment and novel risks like climate and environmental risk unchanged. For details on outstanding overlays (€153m) see appendix Resilient portfolio with cost of risk on loans at 22bp and NPE ratio at low 1.1% Cost of risk on loans (bp) Non-performing exposure ratio Commerzbank, Carsten Schmitt, Frankfurt 17 20 23 24 18 22 1.0% 1.1% 1.0% 1.1% 1.1% 1.1% H1 26: -344H1 25: -300 H2 25: -422Risk result (€m) Risk result in line with FY outlook
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Net result reflects strong operating performance 06 August 2026 25Commerzbank, Carsten Schmitt, Frankfurt 898 202 388 81 Revenues Risk result Costs Operating result Restruct. expenses Taxes Minority interests Net result 3,299 1,730 1,367 0 Q2 25 Q1 26 Q2 26 1,169 1,358 1,367 Corporate Clients PSBC Germany mBank Others & Consolidation 257 300 118 494 458 329 4 567 438 365 74 490 Q2 2026 (€m) Operating result (€m)
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06 August 2026 26 603 494 531 525 567 490 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 YoY higher revenues driven by strong loan growth, higher bond issuance and good performance in payment services and guarantees International Corporates increased revenues YoY and QoQ from strong capital markets. YoY also contribution from loans and trade finance Institutionals with revenues up YoY and QoQ from lending, strong bond issuances and the repo business. YoY also increase in trade finance Mittelstand with moderate increase vs. H1 25 from loan growth and payment services. QoQ affected by slightly lower activity in capital markets products P&L CC Commerzbank, Carsten Schmitt, Frankfurt €m Q2 25 Q1 26 Revenues 1,169 1,253 o/w Mittelstand 638 640 o/w International Corporates 275 299 Risk result -99 -106 Operating expenses 576 580 Compulsory contributions - 0 - 0 Operating result 494 567 RWA (end of period in €bn) 93.6 94.5 CIR (incl. compulsory contributions) (%) 49.3 46.3 Operating return on equity (%) 15.3 18.0 o/w Institutionals 239 252 629 307 -149 592 - 0 490 93.8 48.1 15.3 284 Q2 26 1,232 H1 25 2,403 1,262 560 490 -176 1,129 - 0 1,097 93.6 47.0 17.2 CIR (excl. compulsory contributions) (%) 49.3 46.3 48.1 47.0 H1 26 2,484 1,269 606 536 -255 1,171 - 0 1,057 93.8 47.2 47.2 16.7 o/w Others 17 62 12 91 74 H1 25: 1,097 Operating result (€m) H1 26: 1,057H2 25: 1,056 Corporate Clients: YoY stable operating performance
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06 August 2026 27 429 257 275 313 458 438 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 P&L PSBC Germany Commerzbank, Carsten Schmitt, Frankfurt €m Q2 25 Q1 26 Revenues 1,125 1,264 o/w Private Customers 854 980 o/w Small-Business Customers 218 230 Risk result -50 -22 Operating expenses 810 779 Compulsory contributions 7 4 Operating result 257 458 RWA (end of period in €bn) 33.5 34.4 CIR (incl. compulsory contributions) (%) 72.6 62.0 Operating return on equity (%) 23.0 39.1 o/w Asset Management Subsidiaries 54 53 974 229 -43 775 4 438 34.4 61.8 37.6 58 Q2 26 1,260 H1 25 2,298 1,732 443 123 -55 1,542 15 686 33.5 67.8 31.5 CIR (excl. compulsory contributions) (%) 72.0 61.7 61.5 67.1 H1 26 2,524 1,954 458 111 -65 1,554 9 896 34.4 61.6 61.9 38.3 H1 25: 686 H1 26: 896H2 25: 588 Operating result (€m) Best ever Q2 with very strong underlying business momentum. Excluding -€16m effect from early mortgage repayments in Q2 (offset in O&C), revenues even surpassed the exceptional Q1 result Private Customers revenues increasing 14% YoY – key drivers were strong securities business, higher payment fees and increasing contributions from deposit management and replication portfolios Small-Business Customers revenues up 5% YoY and also broadly on level of Q1 and mainly driven by strong securities business and higher payment fees Revenues in Asset Management Subsidiaries slightly higher on stable business development PSBC Germany: sustained strong performance
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€m Q2 25 Q1 26 Revenues 585 682 Risk result -28 -23 Operating expenses 207 209 Compulsory contributions 50 120 Operating result 300 329 RWA (end of period in €bn) 30.3 33.4 CIR (incl. compulsory contributions) (%) 43.9 48.3 Operating return on equity (%) 30.3 30.2 -30 225 52 365 35.3 41.2 31.5 Q2 26 672 H1 25 1,120 -68 402 147 503 30.3 49.0 26.0 CIR (excl. compulsory contributions) (%) 35.3 30.6 33.4 35.9 H1 26 1,354 -54 433 173 694 35.3 32.0 44.8 30.9 Provisions for legal risks of FX loans -128 -17 -29 -286 -46 excluding provisions for legal risks of FX loans: mBank: record operating result 06 August 2026 28 204 300 294 252 329 365 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 P&L mBank Commerzbank, Carsten Schmitt, Frankfurt 362 428 401 342 346 394 H1 25: 503 H1 26: 694H2 25: 547 Operating result (€m) Q2 operating result up 22% YoY supported by significantly reduced FX legal risk provisions Strong loan growth of 13% and deposit growth of 21% YoY – resulting in market share gains in line with 2026-2030 strategy Revenues excluding FX legal risk provisions largely on same level as Q2 2025 with lower NII due to rate cuts offset by NFV result Polish economic growth remains among the strongest in the EU
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06 August 2026 29 -9 118 -53 -24 4 74 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 P&L O&C Commerzbank, Carsten Schmitt, Frankfurt €m Q2 25 Q1 26 Revenues 140 21 o/w Net interest income 267 230 o/w Net commission income -8 -8 o/w Other income 60 8 Risk result 1 9 Operating expenses 23 26 Compulsory contribution - 0 - 0 o/w Net fair value result -179 -209 216 -8 71 20 82 - 0 -144 Q2 26 135 H1 25 270 539 -16 -391 138 -1 160 - 0 RWA (end of period in €bn) 18.7 17.4 18.9 18.7 H1 26 156 446 -16 -353 79 30 108 - 0 18.9 Operating result 118 4 74 109 78 H1 25: 109 H1 26: 78H2 25: -77 Operating result (€m) YoY lower revenues mainly due to lower interest income in line with lower ECB rates not fully compensated by improved fair value result QoQ and higher other income driven by positive hedge result Increased operating expenses in Q2 mainly reflect effect of higher share price on variable compensation and costs for our employee share programme Others & Consolidation with positive contribution
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06 August 2026 30 14 14 14 13 14 22 24 24 24 26 27 25 25 26 26 26 26 81 81 79 79 81 80 25 25 25 26 26 26 Q3 25 8 9 Q1 26Q4 25 8 Q2 25 Q2 26 174 9 175 8 180 182 Q1 25 176 12 9176 Market risk Operational risk Credit risk O&C CC mBank PSBC GER Q2 25 Q1 26 Q2 net result after AT1 -0.5 For distribution 0.1 Capital change -0.2 RWA change Q2 26 10.3 14.6 14.5 14.4 0.5 QoQ increase in credit risk RWA mainly driven by higher loan drawings in mBank and the liquidity portfolio of Treasury in O&C – loan growth in CC more than offset by RWA reductions from a new SRT In Q2 Commerzbank Group has applied for an adjustment of the scope of its internal credit models to ECB. Significant RWA reductions are expected over upcoming quarters subject to regulatory approval in Q3 Commerzbank, Carsten Schmitt, Frankfurt With a target pay-out ratio of 100% no allocation of the net result in CET1 capital YtD €1.7bn capital dedicated for distribution to shareholder (~90bp) thereof ~50bp from Q2 Capital increase of €0.2bn mainly from OCI raises CET1 ratio by ~10bp RWA increase of around €3bn lowers CET1 ratio by ~20bp MDA CET1 (€bn)25.6 26.0 0.8 -0.8 0.2 26.2 RWA development by risk types (€bn | eop) Transition of CET1 ratio (%) CET1 ratio of 14.4% provides large 409bp buffer to MDA
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06 August 2026 31 Risk result ~€850m Cost of ~€7.0bn leading to a CIR including compulsory contributions of ~53% CET1 ratio >14% after capital return and RoTE ~12% Outlook 2026 confirmed Net result1 ≥€3.4bn and 100% total payout Revenues of ~€13.2bn based on NII of ~€8.6bn and NCI growth of ~7% to €4.3bn and net fair value/other income of ~€0.3bn Commerzbank, Carsten Schmitt, Frankfurt Outlook subject to further geopolitical developments and events in Russia 1) Payout ratio based on net result after potential (fully discretionary) AT1 coupon payments and before extraordinary items; share buyback as part of payout subject to approval by ECB and German Finance Agency
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Overview Commerzbank Group 33 Corporate Clients Private and Small-Business Customers mBank Momentum strategy – Capital Return Policy Financials at a glance Replication portfolio Key figures Commerzbank share Shareholder and tender structure 34 35 36 37 38 39 40 41 German Economy 42 Appendix 06 August 2026 32 Exposure and risk related information Russia exposure Commerzbank’s risk provisions related to stages and overlays for risk provisions Corporate portfolio NBFI portfolio Commercial real estate Residential mortgage business mBank CHF mortgage loans 43 44-45 46 47 48 49 50 Corporate responsibility Sustainable loan ratio Green Infrastructure Finance portfolio ESG ratings Green bonds 51 52 53 54 Glossary 75 Contacts & financial calendar 76 Disclaimer 77 P&L tables Commerzbank Group Corporate Clients Private and Small-Business Customers PSBC Germany mBank Others & Consolidation Exceptional revenue items by segment Balance Sheet 67 68 69 70 71 72 73 74 Capital management IAS 19: Pension obligations FX impact on CET1 ratio Group equity composition 64 65 66 Funding & rating Liquidity position / ratios Capital markets funding Pfandbrief cover pools MREL requirements Distance to MDA Rating overview 55 56-57 58-59 60 61 62 Loan and deposit volumes 63 Commerzbank, Frankfurt
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06 August 2026 33 Corporate Clients Leading universal bank with nation-wide branch network and 24/7 multi-channel-offer PSBC Germany mBank A leading bank for German trade finance No. 1 bank for German Mittelstand First-class advice for Private and Small- Business Customers comdirect as best direct bank in Germany and as best online broker Most efficient digital bank in Poland Innovative mobile banking offer Very attractive customer base Global presence in more than 40 countries 2nd largest listed bank in Germany Member of German DAX 40 index Approximately 38k FTE Market capitalisation €41.9bn1 Total assets €619bn Commerzbank, Frankfurt Overview Commerzbank Group 1) As of 03 August 2026, based on outstanding shares
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Corporate Clients 3406 August 2026 Institutionals International Corporates ● International large corporates with connectivity to DACH and selected future- oriented sectors1 in Europe and worldwide ● International SME in Austria, Switzerland and Czech Republic ● Leading German multinational companies of all relevant sectors based on our sector expertise We are delivering service excellence for our corporate clients - in Germany and globally Leading bank in processing German foreign trade finance with approximately 30% market share Strong regional franchise in Germany, global presence in more than 40 countries worldwide No. 1 in Corporate Banking in Germany and No. 1 in German Mittelstand banking based on trustful client relationships and strong expertise (FINANCE Banken-Survey 2026) Excellence in supporting our clients with their transformation journey based on dedicated ESG advisory teams and tailored structured finance solutions for green infrastructure projects Institutionals ● Financial institutions (FIs) in developed and emerging markets ● Selected non-bank financial institutions (NBFIs) in sectors including insurance, asset management, pension funds and financial sponsors ● Global (sub-) sovereigns and larger public entities Mittelstand ● Small and medium-sized enterprises (German Mittelstand, over €15m turnover) ● Large German corporates ● German public sector Commerzbank, Frankfurt 1) Mobility, Sustainability, TMT/Communications Capital Goods, and Life Sciences/Chemicals
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Private and Small-Business Customers Germany 06 August 2026 35Commerzbank, Frankfurt Self-directed Private Customers comdirect ● Self-directed customers with high digital affinity ● Digital self-service in banking and brokerage Wealth Management Customers ● Customers with high need for individual and personal advice ● Product focus on lending and asset management solutions Private Customers Retail Customers | Individual Customers | Private Banking ● Customers with mostly standardised banking needs ● Convenient standard banking products as well as individual solutions for Individual Customers and Private Banking with personal advice Small-Business Customers ● Entrepreneurial customers with a turnover of under €15m ● Our product portfolio is a one- stop shop for private and professional needs Addressing all individual customer groups in line with their preferences and needs €uro Magazin voted Commerzbank best branch-based bank and comdirect best direct bank in Germany Strong capabilities and nationwide coverage across all channels, products and services with focus on scale and efficiency One of the leading banks for Private and Small-Business Customers in Germany with >400 €bn assets under management (deposits and securities) Optimising market reach via two-brand offering, while clear price and product differentiation enables maximisation of share of wallet
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mBank | Part of segment Private and Small-Business Customers 06 August 2026 36Commerzbank, Frankfurt Private Customers ● Serving private customers across Poland, Czech Republic and Slovakia with state-of-the-art digital banking solutions ● Steady growth in private customer base over the last years ● Addressing especially highly digital-affine young customers ~1.7k ~2k As an innovative digital bank, mBank is Poland’s fifth largest universal banking group1 Beneficial demographic profile with average age of private customers of approximately 38 years Leading mobile banking offer for individual client needs Serving approximately 6m private customers and corporate clients across Poland (4.8m), Czech Republic and Slovakia (1.2m) Attractive mix of around 350 private customer service locations in Poland, Czech Republic and Slovakia and 43 branches for corporate clients in Poland Corporate Clients ● Strong customer base of SME and large corporates ● Continuous CAGR of +6% in number of corporate clients over the last seven years ● Preferred business partner of German corporates in Poland 1) In terms of total assets, net loans and deposits, as of 31 December 2025
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Capital Return Policy 06 August 2026 Commerzbank, Frankfurt 37 CET1 ratio A prerequisite for a dividend is a CET1 ratio of at least MDA +250bp after distribution Prerequisite for a share buyback is a CET1 ratio of at least 13.5% after distribution1 In case the CET1 ratio is expected to remain well above 13.5% in the medium term, an extraordinary distribution above the IFRS net profit will be considered as an option1; this is subject to macro-economic developments and a successful strategy execution Capital return Commerzbank is committed to consistently return capital to shareholders, targeting a regular distribution significantly above 50%, but not exceeding the IFRS net profit after AT1 coupon payments, minority interests, excluding extraordinary, non-recurring items Return consists of share buyback1 and dividend approved at AGM of following year The payout will also depend on the economic conditions and business opportunities. Commerzbank aims to at least maintain and steadily increase the dividend per share. Share buybacks will be applied for any remaining capital to be returned within the payout ratio 1) Subject to alignment with / approval by ECB and German Finance Agency
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Q1 2026Group Total revenues €m €m Personnel expenses €m Administrative expenses (excl. depreciation) €m Depreciation €m Compulsory contributions €m Operating result €m Net result €m Cost income ratio (excl. compulsory contributions) % Accrual for potential AT1 coupon distribution current year €m Net RoE % Net RoTE % Total assets €m Deposits (amortised cost) €m Loans and advances (amortised cost) €m RWA €m CET1 €m CET1 ratio % Tier1 capital ratio % Total capital ratio (with transitional provisions) % Leverage Ratio Exposure €m Leverage ratio % Liquidity Coverage Ratio (LCR) (averages of the month-end values) % Net stable funding ratio (NSFR) % Risk result NPE ratio % Q1 2025 Q2 2025 Q2 2026 3,072 3,019 3,219 3,299 -123 -176 -142 -202 954 944 938 1,008 428 429 442 447 237 243 214 218 104 58 125 57 1,227 1,169 1,358 1,367 834 462 913 898 52.7 53.5 49.5 50.7 -74 -68 -59 -59 10.6 5.5 12.1 11.9 11.1 5.8 12.7 12.5 573,624 581,777 603,245 619,060 391,643 396,540 410,263 416,629 286,001 292,509 308,496 312,618 174,269 176,124 179,714 182,446 26,272 25,642 25,988 26,235 15.1 14.6 14.5 14.4 17.3 16.5 16.4 16.3 20.7 20.1 19.7 19.6 659,554 672,701 691,773 693,597 4.6 4.3 4.3 4.3 140.8 148.1 140.5 141.2 123.0 124.0 122.2 119.3 1.0 1.1 1.1 1.1 Group CoR on Loans (CoRL) (year-to-date) bp 17 20 18 22 Full-time equivalents excl. junior staff (end of period) 36,903 37,195 37,925 38,052 H1 2025 H1 2026 6,092 6,518 -300 -344 1,898 1,946 857 889 480 432 162 182 2,396 2,725 1,296 1,810 53.1 50.1 -142 -118 8.1 11.9 8.5 12.6 581,777 619,060 396,540 416,629 292,509 312,618 176,124 182,446 25,642 26,235 14.6 14.4 16.5 16.3 20.1 19.6 672,701 693,597 4.3 4.3 144.5 140.9 124.0 119.3 1.1 1.1 20 22 37,195 38,052 Cost income ratio (incl. compulsory contributions) % 56.1 55.4 53.4 52.4 55.8 52.9 06 August 2026 Commerzbank, Frankfurt 38 Commerzbank financials at a glance
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06 August 2026 Low yield of replication portfolios resulted from negative rates environment and normalizes over time as investments are rolled-over 2026 0.6 0.6 2027 0.4 1.2 2028 0.5 1.6 2029 0.6 2.1 2030 0.6 2.7 2031 0.4 3.3 2032 0.2 3.7 2033 0.2 3.9 2034 0.2 4.1 2035 0.1 4.3 2036 0.6 0.6 1.6 2.1 2.7 3.3 1.2 3.9 4.1 4.3 4.5 3.7 1.3 1.6 1.9 2.2 2.5 2.8 3.1 3.2 3.3 3.4 3.5 Increase to previous year Average portfolio yield (%) Equity and deposit models2 Volume €179bn Average duration1 3.7y Model durations Up to 2y ~15% Between 2y and 10y ~30% 10y and longer ~55% Replication portfolio will continue to deliver 39 1) Average remaining tenor of investment tranches 2) Represents EUR replication portfolio of Commerzbank AG Additional NII from roll-over of replication portfolio (€bn | based on constant model volumes and forward rates as of 9 July 2026) Commerzbank, Frankfurt
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€ Key figures Commerzbank share 06 August 2026 40 FY 2023 FY2024 FY 2025 H1 2026 2.75 1.63 3.23 2.06 4.01 2.06 2.51 1.47 Operating result per share¹ EPS¹ YE 2023 YE 2024 YE 2025 H1 2026 Number of shares2 (m) 1,240.22 1,153.59 1,096.5 1,080.8 Market capitalisation2 (€bn) 13.3 18.1 39.6 40.2 Book value per share2,4 (€) 23.17 25.90 27.50 27.89 Tangible book value per share2,4 (€) 22.28 24.78 26.23 26.54 Low/high Xetra intraday prices (€) 8.31/12.01 10.15/16.96 15.21/38.40 29.32/38.86 Dividend per share3 (€) 0.35 0.65 1.10 Commerzbank, Frankfurt 2024 2025 2026 10 15 20 25 30 35 40 45 Mar JulMay SepJul NovSep JanNov MarJan MayMar JulJan May CBK target price CBK share Euro-Stoxx Banks (indexed) 1) Based on average number of outstanding shares in the period 2) Based on number of outstanding shares – considering SBB until respective reporting date 3) DPS attributable to respective business year – paid out after AGM approval of following year 4) Corrected versus previous publications for YE 2024 and YE 2025 Figures per share (€)
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Retail 0.3% Others 0.4% Shareholder & tender structure 06 August 2026 Commerzbank, Frankfurt TS* ~4% Passives ~18% German government ~13% Retail ~17% Active investors ~18% T&B* ~3% Pre-tender shareholder structure (as of 4 May) T&B* ~3% UniCredit ~27% UniCredit ~27% TS* ~4% German government ~13% Retail ~16% Passives ~9% Actives ~10% ▪ During the tendering process lending volume increased substantially ▪ UCG-linked banks and brokers account for the majority of tendered shares ▪ Direct participation by institutional and retail shareholders was limited ▪ Passive investors’ holdings dropped by 10%, despite not being able to tender or sell at large scale, pointing to share lending ▪ Active investors including arbitrage funds only tendered 2.4%, with the remaining shares being sold in market Tendered shares ~18% Shareholder structure (as of 22 July) Source of the tendered shares Banks & brokers 14.6% Inst. & hedge funds 2.4% Increased share lending volume from ~1% to ~10% Key Observation Lending volume ~8% Shares borrowed during the tender process ultimately need to be purchased sale 41 TS* = Treasury Shares, T&B *= Trading & Brokerage, Note: Ownership figures illustrative & subject to regulatory disclosures, settlement mechanics & evolving shareholder disclosures; all figures are subject to rounding
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1) GDP1 (change vs. previous year | %) 06 August 2026 42 Germany Eurozone 1.4 -0.3 -0.2 0.2 1.0 1.0 3.4 0.4 0.7 1.5 0.6 1.0 2022 2023 2024 2025 2026e 2027e 0.34 2022 3.40 2023 3.60 2024 2.10 2025 2.30 2026e 2.30 2027e Inflation1 (%) 2022 2023 2024 2025 2026e 2027e 6.9 8.4 5.9 5.4 2.2 2.4 2.2 2.1 3.0 2.9 2.4 2.1 3m-Euribor (avg. p.a. | %) ifo business climate index (index, 2015=100) Commerzbank, Frankfurt Latest development The German economy continued its moderate recovery in the second quarter. However, due to the massive rise in energy prices resulting from the Iran war, the quarter-on-quarter growth was somewhat weaker than in previous quarters. Exports and private consumption appear to have risen, while investment declined. Partly due to the temporary easing of tensions in the Persian Gulf – and the resulting slight decline in energy prices – business sentiment has recently improved somewhat. However, the relevant indicators remain lower than they were before the war began. The moderate recovery of the economy has halted the rise in unemployment. On balance, unemployment has barely risen since last summer, but at a seasonally adjusted level of about 3 million, it is as high as it was 15 years ago. The number of employed had been declining slightly until recently, although continued growth in employment in the public sector has partially offset the decline in the private sector. The inflation rate stood at 2.8% in July, partly due to the significant rise in energy prices. In contrast, food prices have recently tended to fall, contrary to fears. The core inflation rate, excluding these two often highly volatile sub-components, was 2.4%, meaning it has remained virtually unchanged since the end of 2025. Outlook for 2026 The outlook for the rest of this year also depends on further developments in the Persian Gulf. Since energy prices are unlikely to return to their pre-war levels for the time being, the outlook for the third quarter, at least, has dimmed. Later this year and into next year, however, the ECB’s low interest rates and, particularly the expansionary fiscal policy point to a gradual economic recovery, especially if the situation in the Persian Gulf eases. Even then, however, a strong upswing is not to be expected. This is because numerous structural problems continue to hold back the German economy. The same applies to higher U.S. tariffs, which are making it more difficult for German companies to access one of their most important export markets. In addition, demand from China is steadily weakening. Instead, Chinese companies are becoming strong competitors in an increasing number of sectors. Overall, we expect growth of 1.0% for 2026, which should be followed by a similar increase next year. The inflation rate is likely to remain well above the ECB’s 2% target for the rest of the year. This is because energy prices are expected to fall only slowly, and in the second half of the year, higher energy costs are also likely to drive up the prices of other goods and services. In June, the ECB raised its key interest rates by 25 basis points due to mounting inflation risks. A second rate hike, bringing the key rate to 2.5%, is expected to follow in September. 07/21 100.8 93.2 89.4 88.9 86.6 2022 2023 2024 2025 2026 94.9 98.4 92.7 85.3 86.3 84.7 88.5 German economy slowed by the Middle East war
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Russia exposure 06 August 2026 43 Total net exposure remained below €50m Group exposure net of ECA and cash held at Commerzbank is unchanged at €43m Additionally, CB Eurasija holds domestic RUB deposits of equivalent ~€485m at Russian financial institutions, mainly Central Bank of Russia We continue to minimise exposures while supporting existing clients in compliance with all sanctions’ regulations Net assets of CB Eurasija amounts to ~€350m after deducting ~€200m negative currency translation reserve. Therefore, residual worst-case risk for CET1 ratio is -20bp and for revenues sum of net assets and negative currency translation reserve Commerzbank, Frankfurt 2022 2023 2024 2025 2026 Net exposure (€m) 18 Feb 31 Dec 31 Dec 31 Dec 31 Dec 31 Mar 30 Jun Corporates 621 261 148 34 12 12 11 – thereof at CB Eurasija 392 61 21 0 0 0 0 Banks 528 46 14 14 13 13 13 Sovereign (at Eurasija) 127 87 47 29 13 13 14 Pre-export finance 590 350 135 5 5 5 5 Total 1,866 744 344 82 43 43 43
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06 August 2026 44Commerzbank, Frankfurt Portfolio remains robust NPE ratio unchanged at 1.1% Limited increase of stage 3 exposure over time despite persisting challenges due to geopolitical and macroeconomic environment Coverage ratios overall stable compared to last quarter 66.8 64.7 63.5 64.6 69.1 6.6 454.3 Q2 25 6.5 460.6 Q3 25 6.8 456.8 Q4 25 7.1 469.6 Q1 26 7.4 465.4 Q2 26 527.7 531.8 527.1 541.3 541.9 312 317 315 326 360 970 924 896 858 852 2,463 Q2 25 2,504 Q3 25 2,468 Q4 25 2,428 Q1 26 2,504 Q2 26 3,745 3,745 3,679 3,612 3,716 Stage 3 Stage 2 Stage 1 Coverage Stage 3 37.5% 38.7% 36.3% 34.1% 33.9% Stage 2 1.5% 1.4% 1.4% 1.3% 1.2% Stage 1 0.1% 0.1% 0.1% 0.1% 0.1% Increase of risk provisions in line with higher stage 3 1) Exposure at Default relevant for IFRS 9 accounting (on- and off-balance exposures in the accounting categories AC and FVOCI) Exposure1 (€bn) Risk provisions (€m)
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06 August 2026 45Commerzbank, Frankfurt 70 45 39 153 In-model adjustment (partly for Middle East crisis and US tariffs) Climate and environmental Sectors with structural difficulties Outstanding risk provision of €3.7bn includes €153m overlay covering risks arising from uncertainties in the macroeconomic environment as well as novel risks like climate and environmental risks Overlays in risk provisioning can stem from collective staging or application of in-model adjustments and top-level-adjustments. The overlays are in addition to the risk provisions derived from risk models In-model-adjustment In-model adjustments are applied to cover uncertainties partly stemming from US-tariffs and the conflict in the Middle East Climate and environmental risk Application of collective staging for clients who are more exposed to climate and environmental risks Industry sectors Application of collective staging for sectors that face structural difficulties (largest subsectors are car dealers, producers of non-ferrous metals, plant construction, and clothing/fashion) Overlays for risk provisioning Outstanding overlays as of Q2 2026 (€m)
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4606 August 2026 Commerzbank, Frankfurt 23 21 16 16 14 13 12 11 19 Consumption Technology/ Media/Telecom Chem./Plastics/ Basic Resources Construction/ Metal Automotive Mechanical Engineering Energy/ Environment Transport/ Tourism/Services Others 88 44 42 74 42 38 47 43 79 38 21 26 47 30 29 39 38 42 EaD €145bn (Q1 26 142bn) EL €498m (Q1 26 489m) (42) (21) (29) (48) (33) (32) (22) (40) (38) RD 34bp (Q1 26 34bp) Overall performing portfolio (stage 1 and 2) Corporates portfolio of ~€145bn stands for 24% of overall Group exposure. Portfolio size as well as expected loss further increased since last quarter The portfolio development is closely monitored Details on selected sectors Automotive industry: The automotive sector continues to face significant challenges, driven by industry-specific factors such as the need for transformation, inefficient cost structures including excess capacities, and the increasing competition from Chinese BEV manufacturers. Moreover, the imposition of U.S. tariffs in 2025 has further strained the industry, adding to its already difficult environment Mechanical Engineering: Ongoing weak investment levels, influenced by uncertainties surrounding tariff policies and geopolitical tensions, are hindering a rebound in order-intake. This translates into decreased export activities and underutilised production capacities across the sector. Further- more, intensifying competition from Chinese providers can be observed Construction/Metal: Broadly diversified portfolio. Due to the continued restrained demand in residential construction, as well as automotive and mechanical engineering economic situation is still challenging especially for small and medium-sized companies Consumption: Heterogeneous sector, includes the manufacturing and sale of private consumption goods. All segments (including furniture) suffer from weak demand and high energy and labour costs. Clothing: The clothing manufacturers suffer in the mid-price range from the polarisation between luxury and low-price vertical fashion brands, from the market entry of Asian online platforms, formal clothing losing against casual wear and from higher production costs (raw materials, energy and labour) RWA €50bn (Q1 26 51bn) Group’s corporates portfolio well diversified EaD: Exposure at Default | EL: Expected Loss | RD: Risk density = EL/EaD | RWA = Risk Weighted Assets Corporates performing portfolio by sector Q2 26 9 7 5 6 5 4 4 4 7
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4706 August 2026 Commerzbank, Frankfurt Portfolio Portfolio amounts to €60.5bn of which €0.2bn is non-performing exposure (0.3% of total portfolio). Increase mainly in Exchanges & Clearing Houses (+€0.6bn) and ABS (+0.5bn). Sound rating profile with a high share of 93% investment grade quality ABS: €10.1bn investor positions (thereof €1.2bn Legacy) / €9.0bn Sponsor/Private ABS positions in the interest of our corporate customers The portfolio is focused on Europe (~82%); U.S. exposure (~11%) is dominated by ABS investor positions (which are ~50% of the U.S. exposure) Strategy Maintain approach to NBFI and no significant changes in underwriting standards 0.0 19.0 ABS 0.0 11.2 Insurance 0.1 11.4 Corp. Exch. / Clearing Houses Leasing / Factoring Reg. Funds Broker Dealer Hedge Funds 0.0 9.1 Others 19.0 11.2 11.5 3.6 2.8 1.6 1.2 0.4 9.1 0.2 56.9 03/25 0.2 56.9 06/25 0.2 55.9 12/25 0.2 58.9 03/26 0.2 60.3 06/26 57.2 57.1 56.1 59.1 60.5 Investment grade share (in %) 94% 94% 94% 93% 93% Performing NPE 1 2 3 Portfolio Portfolio amounts to €60.5bn of which €0.2bn is non-performing exposure (0.3% of total portfolio). Increase mainly in Exchanges & Clearing Houses (+€0.6bn) and ABS (+0.5bn). Sound rating profile with a high share of 93% investment grade quality ABS: €10.1bn investor positions (thereof €1.2bn Legacy) / €9.0bn Sponsor/Private ABS positions in the interest of our corporate customers The portfolio is focused on Europe (~82%); U.S. exposure (~11%) is dominated by ABS investor positions (which are ~50% of the U.S. exposure) Limited exposure to private credit. Exposure arises through relationships with Global Alternative Asset Managers. ABS positions include €0.9bn of AAA MM CLO exposure Strategy Maintain approach to NBFI and no significant changes in underwriting standards Investment grade share (in %) 94% 94% 94% 93% 93% 1 2 3 Non-Bank Financial Institutions portfolio (NBFI) 1) Rating = overall EL-rating for ABS and one-year PD-rating for all other exposures 2) Corp. = mostly financial subsidiaries of corporate customers 3) 50% of others are exposures from Commerzbank’s subsidiary mBank Development of NBFI portfolio (€bn | EaD) NBFI sub-portfolios 06/26 (€bn | EaD)
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4806 August 2026 Commerzbank, Frankfurt 0.2 5.6 A-cities B-cities C-cities 0.00.5 D-cities 0.02.2 Other Outside Germany 5.8 1.0 0.4 0.5 2.2 0.0 0.20.7 other 0.1 1.6 < 1 year 0.0 3.9 1-5 years 0.0 3.0 5-10 years 0.0 0.5 >10 years 0.8 1.6 3.9 3.0 0.5 Germany 2 0.3 9.6 06/25 0.3 9.4 09/25 0.3 9.3 12/25 0.3 9.5 03/26 0.2 9.6 06/26 9.9 9.7 9.6 9.8 9.8 Investment grade share (in %) 78% 79% 81% 80% 79% 3.9 0.2 Office 0.0 Residential 0.0 Retail 0.0 Logistics / Production Hotels / Tourism 4.1 3.3 1.1 0.5 0.2 Performing NPE Investment grade share (in %) 73% 85% 89% 84% 88% Portfolio ▪ Portfolio amounts to €9.8bn of which €0.2bn is non- performing exposure (2.4% of total portfolio) ▪ Sound rating profile with a high share of 79% with investment grade quality ▪ EaD share IFRS9-stages: 68% in S1 (67% 03/26), 30% in S2 (30% 03/26) and 2.4% in S3 (2.7% 03/26) ▪ Assets focused on most attractive A-cities. Over 99% of financed objects are located in Germany ▪ Offices and residential with the highest share of the portfolio (together €7.4bn performing portfolio) ▪ Average LTV for performing portfolio is 52% - largest asset class office with 55% LTV ▪ 61% of the portfolio are SPVs, thereof 26% with recourse to the sponsor ▪ Development risk with about 3.8% share of the portfolio; increased requirements implemented Strategy ▪ As a result of the current macroeconomic situation, the business strategy will continue to be cautious. Strong restraint in the non-food retail sector and in developments Commercial Real Estate (asset-based) 1) City categories according to Bulwiengesa, category A represents the seven most attractive and liquid real estate cities in Germany 2) Until further notice or variable interest rate Portfolio development (€bn | EaD) Location 06/261 (€bn | EaD) Top 5 asset classes 06/26 (€bn | EaD) Fixed interest period 06/26 (€bn | EaD) Group ex mBank (mBank CRE exposure €2.1bn)
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06 August 2026 49Commerzbank, Frankfurt Mortgage volume and risk quality stable in Q2 26 Rating profile with a share of 93.4% in investment grade ratings (03/26: 93.8%); poor rating classes 4.x/5.x with 1.4% share only NPE ratio unchanged in Q2 26 reflecting the macro-economic situation in Germany. NPE ratio remains at a low level of 0.5% thanks to a robust portfolio quality EaD in €bn RD in bps 7 7 7 7 6 6 6 12/20 12/21 12/22 12/23 12/24 12/25 06/26 95.1 102.0 102.9 100.5 100.2 99.9 98.8 New business volume remained stable at €2.0bn in Q2 26 compared with the previous quarter Repayment rates decreased slightly to 2.33% in Q2 26 from 2.36% in Q1 26 Portfolio guidelines and key risk metrics, including PD, LtCV and repayment rates, are continuously monitored Average loan-to-value ratio under the German mortgage lending value framework (BLA) was 80.7% in Q2 26 (80.0% in Q1 26) The German BLA methodology is more conservative than the internationally used LTV metric due to the requirements of the German Pfandbrief Act Higher living costs are adequately reflected in the underwriting and application process Prices of houses and flats, existing stock and newly constructed dwellings, averages Indices: 2022=100 set as new basis beginning of 2026 (formerly 2010=100) 50 60 70 80 90 100 110 2016 2018 2020 2022 2024 2026 Owner occupied housing Single family houses Condominiums Multi family houses German residential mortgage business & property prices Residential properties (index values) Overall mortgage portfolio
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06 August 2026 50Commerzbank, Frankfurt 2,246 7,709 Q2 25 1,456 4,400 Q4 25 1,350 3,639 Q1 26 1,246 3,045 Q2 26 9,955 5,856 4,989 4,291 -57% -14% Q2 25 32,359 Q4 25 33,440 Q1 26 34,190 Q2 26 28,733 +5,457 +750 CHF loan contracts in court number of pending cases 202 92 516 352 457 389 Q2 25 79 Q4 25 Q1 26 50 Q2 26 718 431 549 439 -39% -20% repaid contracts active contracts repaid contracts active contracts Settlements concluded by mBank with CHF borrowers, cumulative New CHF related court cases number of contracts entering court proceedings Decomposition of CHF loan contracts at mBank >81,000 closed or converted into PLN total number of disbursed loans 32,025 repaid loans 15,134 final verdict 34,190 settlements active contracts 85,520 4,171 -95% of which 4% in court of which 73% in court excluding verdicts followed by settlements 4,498 1,312 23.6% 2015 5.0% 2022 1.6% 427 2023 0.5% 156 2024 0.1% 17 2025 0.04% 14 H1 26 2,541 1,887 1,045 371 265 Value of CHF mortgage loans granted to natural persons (€m, net) portfolio deductions due to legal risks % of total loan portfolio mBank1: Effective de-risking of CHF loan portfolio continues 1) Extract of mBank investor presentation Q2 26, PLN converted into EUR by end of quarter FX rates
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Sustainable finance is well on track 06 August 2026 Commerzbank, Frankfurt 51 Strategic goal: more than 10% sustainable new loan business Sustainable bonds €26.8bn In Q2 2026, we lead-managed 38 sustainable bonds in the total aggregate notional amount of ~26.8bn EUR-equivalent. Over the first six months of 2026, this amounts to a total of 57 lead-managed sustainable bonds. Sustainable loan ratio 20.1% Share of sustainable new loan business last 12 months1 (Jul 2025 – Jun 2026) Q1 Q2 Q3 Q4 Q1 Q2 15.6% 16.6% 17.0% 17.6% 20.1% 20.1% 2025 2026Green & Social Finance 66% Transition Finance 34% Key drivers of our sustainable loan business: ● Accelerating international energy transition continues to support new business in renewable energies ● Challenging environment for syndication volume compared to 2025 ● New promotional loans business slightly increased, but demand remains dependent on public programs ● Share of green mortgages stable, through active price steering in new business 1) New loan business defined as: All transactions with a change in loan conditions in the last 12 months (includes new business and prolongations), excl. business from trade finance unit, committed volume, only on-balance. Development of the KPI is driven by organic growth and improved data availability. In Q1 2026, an increase of ~2%-pts. was due to improved data coverage for temperature scores. Components of the KPI: – Green & Social Finance: In particular CoC GIF, loans with green or social purposes, mortgages with best energy efficiency – Transition Finance: In particular sustainability-linked loans, loans for transition purposes, loans to customers with 1.5°C-compliant transition goals, mortgages with high energy efficiency
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06 August 2026 Commerzbank, Frankfurt 52 New York Hamburg Singapore 2020 2024 2025 Q2 26 (€bn | eop) 0.5 4.6 6.4 1.0 7.8 11.5 1.3 9.6 14.4 1.3 10.4 15.5 5.1 6.4 8.8 11.5 10.9 14.4 11.6 15.5 +142.3% Green Infrastructure Corporates EaD Project finance EaD Total financing commitments 46.5% 10.5% 24.7% 0.8% 17.5% Wind Onshore Wind Offshore Photovoltaic Other (i.e. Battery Storage) Green Infrastructure Corporates €15.5bn our markets CoC GIF1 hubs 63.8% 34.9% 1.3% €12.7bn Europe Americas APAC Project financing commitments by region Project financing and Corporates Offshore: Commerzbank is globally active as MLA2 and lender with offshore projects in Germany, France, Belgium, UK, US and Taiwan Core market Germany: approx. 47% of project finance portfolio in Germany Development of Green Infrastructure Finance portfolio 1) CoC GIF – Center of Competence Green Infrastructure Finance 2) MLA = Mandated Lead Arranger
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ESG ratings prove that we are on the right track 06 August 2026 53Commerzbank, Frankfurt ESG Risk Rating With the achieved score of 16.6, Commerzbank is at low risk of experiencing material financial impacts from ESG factors, due to its medium exposure and strong management of material ESG issues Severe NegligibleMedium LowHigh ESG Corporate Rating Commerzbank achieved a C score and is rated in the ISS ESG prime segment and within the top 20% of the industry group Excellent ratings especially in the categories staff & suppliers, environmental management, corporate governance and business ethics D- A+C A- AD D+ C- C+ B- B B+ ESG Rating Commerzbank is rated with Double A and therefore in the upper part of the MSCI ESG rating scale Excellent ratings especially in the categories tax transparency, business ethics and financing environmental impact CCC AAAB BB BBB AAA Disclosure (D-/D) Leadership (A-/A) Management (B-/B) Awareness (C-/C) Corporate Questionnaire Climate Change Commerzbank is rated with a B score in the 2025 CDP rating, which indicates that the bank is taking coordinated action on climate issues Excellent ratings particularly in the categories risk disclosure, governance, energy and materiality assessment. Forest & Water Security Commerzbank is also rated with a B in the themes forest and water security ESG QualityScores Commerzbank assigned with lower Governance risk and higher disclosure of environmental and social data by ISS ESG QualityScores • Social QualityScore 1 • Environmental QualityScore 3 • Governance QualityScore 3 10 189 7 6 5 4 3 2
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06 August 2026 Commerzbank, Frankfurt 54 Commerzbank AG has 8 green bonds outstanding with a total volume of €4.39bn Commerzbank’s Green Funding Framework (2024) is an update of the Green Bond Framework (2018). It contains Renewable Energy and Green Residential Buildings as eligible green asset categories, and it is aligned with the ICMA Green Bond Principles 2021. 1,001 2,429 Green Assets 3,430 500 750 750 40 Green Bonds 2,040 12NC7 Tier 2 / Jun 2025 15NC5 NPS /Jun 2025 7NC6 NPS / Jan 2025 12.25NC7.25 Tier 2 / Nov 2024 Renewable Energy Green Buildings 502 602 Green Assets 1,104 500 600 Green Bonds 1,100 5.5NC4.5 NPS / Sep 2023 5.25NC4.25 NPS / Jun 2022 Renewable Energy ▪ €500m 12NC7 Green Tier 2 in January ▪ €750m 11NC10 Green NPS in February 1) The Green Funding Framework can be found here 2) Based on allocation reporting as of 06/2025 3) The Green Bond Framework can be found here 4) Bonds will be included in the upcoming 2026 allocation reporting for the first time Green Funding Framework (2024)1 Green Asset Allocation Green Funding Framework (2024)2 (€m) Green Bonds issued in 20264 Green Asset Allocation Green Bond Framework (2018)2,3 (€m)
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Comfortable liquidity position 06 August 2026 55Commerzbank, Frankfurt ▪ Daily calculation of the liquidity gap profile ▪ Liquidity reserves are ring-fenced in separate portfolios on the balance sheet (assets and funding respectively) ▪ Intraday liquidity reserve portfolio (central bank eligible collateral) serves as cushion for a possible intraday stress ▪ Stress liquidity reserve portfolio consists of highly liquid assets and covers potential liquidity outflows according to the liquidity gap profile under stress Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 148.1 141.7 140.5 140.5 141.2 0 100 200 300 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Total available stable funding | €bn Total required stable funding | €bn 124.0% 119.3%121.3% 123.3% 122.2% Q2 2025 Q3 2025 Q4 2025 Q1 2026 136.8 10.0 3.5 Q2 2026 155.2 147.8 146.1 148.3 150.2 Level 1 Level 2A Level 2B LCR (% | quarterly averages of month-end values) Net stable funding ratio (NSFR) Highly liquid assets (€bn | eop) Liquidity risk management
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06 August 2026 56 Capital markets: €10.3bn funding executed in H1 2026 Commerzbank, Frankfurt Funding plan implementation well underway Ongoing issuance activities in positive market environment 47% 42% 11% Covered bonds Senior unsecured Subordinated debt 4.6 10.3 0.8 0.5 2.6 1.9 Pfandbriefe Non-preferred senior Preferred senior Dual-tranche Pfandbriefe in January and April: €2.25bn mortgage Pfandbrief with 6.75 and 10 years maturities €2bn public sector Pfandbrief with 3 and 5 years maturities €500m SP bond 6NC5 Dual-tranche AUD bond with 5 years maturity: AUD 700m SP Floating rate note and AUD 300m SP Fixed rated bond €1bn SNP bond 5.5NC4.5 €750m SNP green bond 11NC10 €750m SNP bond 7NC6 Tier 2 €500m green bond 12NC7 ~€71bn Remaining volume consists of private placements mBank €750m green callable SNP 7NC6 1) Based on balance sheet figures Group funding structure1 Group issuance activities H1 2026 and highlights (€bn | nominal values)
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Large part of funding plan completed in H1, issuance to continue 06 August 2026 57Commerzbank, Frankfurt Well-balanced maturity profile 2026 2027 2028 2029 2030 2031 3.1 8.4 8.8 7.2 6.6 7.7 Covered bonds Senior unsecured Subordinated debt Issuance across all instruments 2022 2023 2024 2025 H1 2026 Plan 2026 8.2 10.1 13.0 13.5 10.3 ~12 Covered Prefered senior Non-preferred senior Subordinated Additional Tier 1 mBank 1) Nominal value 2) Based on balance sheet figures, senior unsecured bonds includes preferred and non-preferred senior bonds incl. mBank Group funding activities1 (€bn) Group maturities until 20312 (€bn)
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Mortgage Pfandbrief cover pool 06 August 2026 58Commerzbank, Frankfurt 72% 21% 3% 3% Up to €300k €300k to €1m €1m to €10m Over €10m €44.0bn Highlights ▪ German mortgages only ▪ 98% German residential mortgages, only 2% commercial ▪ Over 70% of the mortgages are “owner-occupied” ▪ Highly granular cover pool with 72% of the loans €300k or smaller ▪ Provided with the covered bond label by ECBC (European Covered Bond Councils) 1) Commerzbank disclosures according to §28 Pfandbriefgesetz 30 June 2026 Overview by property type Overview by size 59%29% 10% 2% Single family Flats Multiple family Others €44.0bn Cover pool details1 ▪ Total assets: €45.3bn o/w cover loans (mortgages): €44.0bn o/w further assets: €1.3bn ▪ Fixed rated assets: 98% ▪ Weighted avg. LTV ratio: 51% ▪ Outstanding Pfandbriefe: €29.7bn ▪ Fixed rated Pfandbriefe 83% ▪ Cover surplus: €15.7bn (53% nom.) ▪ Moody’s rating: Aaa
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Cover pool details1 ▪ Total assets: €25.6bn o/w municipal loans : €17.5bn o/w export finance loans : €3bn ▪ Fixed rated assets: 81% ▪ Outstanding Pfandbriefe: €18.8bn ▪ Fixed rated Pfandbriefe: 41% ▪ Cover surplus: €6.8bn (36% nom.) ▪ Moody’s rating: Aaa 06 August 2026 59 Public Sector Pfandbrief cover pool Commerzbank, Frankfurt €25.6bn 1) Commerzbank disclosures according to §28 Pfandbriefgesetz 31 March 2026 Borrower / guarantor & country breakdown Currency breakdown Highlights ▪ Commerzbank public sector Pfandbrief to support its German municipal lending and guaranteed export finance business ▪ 85% are assets from Germany ▪ Mainly EUR-denominated assets ▪ Provided with the covered bond label by ECBC (European Covered Bond Councils) 85% 3% 3% 2% 1% 1% 5% Germany Poland Switzerland Austria Italy U.K. Other 95% 3% 1% 1% EUR USD GBP CHF€25.6bn
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Comfortable fulfilment of RWA and LRE MREL requirements 06 August 2026 60Commerzbank, Frankfurt Update with 06/2026 figures expected by mid August 2026 Based on data as of 31 March 2026, Commerzbank fulfils its current MREL RWA requirement for resolution group A1 of 27.8% RWA with an MREL ratio of 34.1% RWA and the MREL subordination requirement of 19.3% RWA with a ratio of 31.1% RWA, both requirements include the combined buffer requirement (CBR). Both, the MREL LRE ratio of 8.6% and MREL subordination LRE ratio of 7.8% comfortably meet the requirement of 6.4% and 5.8% respectively. The issuance strategy is consistent with all RWA and LRE based MREL requirements. MREL RWA ratio (%) MREL LRE ratio (%) 03/2026 Preferred senior unsecured >1 year Non-preferred senior >1 year3 Own funds instruments2 MREL requirement 6.35% LRE MREL subordination requirement 5.78% LRE 8.6 0.7 2.3 5.6 03/2026 Preferred senior unsecured >1 year Non-preferred senior >1 year3 Own funds instruments2 M-MDA level 27.75% RWA M-MDA subordination level 19.31% RWA 34.1 2.9 9.0 22.1 1) In May 2025, Commerzbank AG received its current MREL requirement calibrated based on data as of 31 December 2023. The resolution approach is a multiple point of entry (MPE) with two separate resolution groups (resolution group A: Commerzbank Group without mBank subgroup; resolution group B: mBank subgroup). The legally binding MREL (subordination) requirement is defined as a percentage of risk-weighted assets (RWA) and leverage ratio exposure (LRE) 2) Includes amortized amount (regulatory) of Tier 2 instruments with maturity > 1 year 3) According to §46f KWG or non-preferred senior by contract MREL Requirements and M-MDA
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06 August 2026 61 1 409bp distance to MDA based on a lower Q2 2026 CET1 ratio of 14.38% MDA remained unchanged to Q1 2026 AT1 layer will continue to be managed to maintain appropriate distance to MDA Tier 2 layer will continue to be steered above 2.54% Commerzbank’s MDA Commerzbank, Frankfurt 1 Q2 2026 CET1 ratio 0.06 Q2 2026 MDA P2R CCB O-SII CCyB sSyRB10.29 14.38 4.50 1.21 2.50 1.25 0.77 409bp 1) Based on RWAs of €182.4bn as of Q2 2026. AT1 requirement of 1.903% and Tier 2 requirement of 2.538% Distance to MDA (%)
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Rating overview Commerzbank 06 August 2026 62Commerzbank, Frankfurt S&P revised Commerzbank’s outlook to stable from positive while affirming its ratings in July 2026. S&P considers the closer link to Unicredit as limiting Commerzbank’s rating upside, since S&P considers a persistent two-notch gap between a likely future parent and subsidiary unlikely (Unicredit: “A-” positive) Due to the introduction of the general deposit preference in the EU decided by the EU Parliament at the end of March, Moody's has adjusted the ratings of a large number of banks in several countries where the general depositor preference did not previously apply. Commerzbank's issuer credit /PS rating was downgraded by 1 notch to "A2“ in April 2026. Other ratings were not changed Last rating eventsAs of 06 August 2026 Bank ratings S&P Moody’s Counterparty rating/assessment1 A+ Aa3/ Aa3 (cr) Deposit rating2 A stable Aa3 stable Issuer credit rating (long-term debt) A stable A2 stable Stand-alone rating (financial strength) bbb+ Baa1 Short-term debt A-1 P-1 Product ratings (unsecured issuances) Preferred senior unsecured debt A stable A2 stable Non-preferred senior unsecured debt BBB Baa1 Subordinated debt (Tier 2) BBB- Baa2 Additional Tier 1 (AT1) BB Ba1 Product ratings (secured issuances) Mortgage Pfandbriefe - Aaa Public Sector Pfandbriefe - Aaa 1) Includes parts of client business (i.e. counterparty for derivatives) 2) Includes corporate and institutional deposits
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06 August 2026 63 (€bn | quarterly average) In CC loan volume growth in all customer segments, deposit volumes increased in both, term/call and particularly in sight deposits In PSBC Germany loan volume stable, deposit volumes declined driven mainly by outflows of call deposits mBank with strong growth in loans and deposits In PSBC Germany almost 95% of deposits are insured (>65% statutory and almost 30% private insurance) In CC more than 50% of deposits are insured (<5% statutory and >50% private insurance) 27 54 28 56 126 174 125 172 PSBC Germany mBank 152 228 153 228 120 101 123 103 Performing loan volume Deposit volume Q1 26 Q2 26 Q1 26 Q2 26 Commerzbank, Frankfurt Loan and deposit development Corporate Clients Private and Small-Business Customers
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06 August 2026 64 Cumulated OCI effect1 Pension obligations (gross) Discount rate in %2 In H1 26 market swap rates went slightly down, driving the IAS19 discount rate to 4.5% versus 4.6% at year-start. Thus, the present-valued pension obligations (DBO) went up, producing a moderate YtD liability loss in OCI Through the LDI strategy, pension assets produced a moderate YtD asset gain on the same market movement, exacerbated by YtD asset gains on equity positions in the growth strategy In total, pension obligations and pension assets in H1 26 produced a net OCI gain of €66m (after tax) on Group level The discount rate is derived from a basket of AA-rated EUR ent bonds, re-calibrated on corporate bond level, with an average duration of 12 years Due to the positive OCI development over the past years, the funding ratio (plan assets vs. IFRS DBO) is now 120% across all Group plans, despite regular reimbursement of paid pensions from plan assets to trustors 4.3 -740 -666 -636 -517 -546 -451 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 -6,178 -6,165 -6,164 -5,960 -5,868 -6,003 4.3 4.3 Commerzbank, Frankfurt 4.6 4.54.7 IAS 19: Development of pension obligations 1) Net OCI effect driven by development of plan assets versus pension obligations, after tax, without minorities; cumulated since 1/1/2013 (new IAS19 standard) including possible restatements 2) Discount rate for German pension obligations (represent 97% of Group pension obligations) Cumulated actuarial gains and losses (€m)
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FX impact on CET1 ratio 06 August 2026 65 Credit risk RWA2 ( QoQ | €m) Currency translation reserve ( QoQ | €m) 4.8 92.3 Credit RWA (Q2 2026 €bn) 147.3 6.5 21.0 22.6 Other GBP PLN USD EUR 185 35 83 -30 273 21 19 6 -7 38 0 -1 -1 0 RWA impact -2 1 1 0 0 2 CET1 ratio impact1 ( QoQ | bp) Capital impact Commerzbank, Frankfurt Nearly no impact on CET1 ratio1 since slightly higher FX driven credit risk RWA is being offset by slightly higher currency translation reserve Higher credit risk RWA from FX effects mainly due to stronger USD (+€185m) Increase in currency translation reserve mainly due to increase from USD (+€21m) FX rates3 03/26 06/26 EUR / GBP 0.868 0.862 EUR / PLN 4.289 4.296 EUR / USD 1.150 1.139 1) Based on current CET1 ratio 2) Change in credit risk RWA solely based on FX not on possible volume effects since 03/26 3) FX rates of main currencies only QoQ change in FX capital position
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06 August 2026 Commerzbank, Frankfurt 66 Group equity composition Capital | €bn Q1 2026 EoP Q2 2026 EoP Q2 2026 Average H1 2026 Average P&L | €m Q2 2026 H1 2026 Ratios Q2 2026 H1 2026 Equity2 35.6 35.4 Equity attributable to Commerzbank shareholders 30.5 30.3 Subscribed capital 1.08 1.08 Capital reserve 10.20 10.20 Retained earnings 19.74 19.28 t/o consolidated P&L 0.913 1.810 Other reserves (with recycling) -0.50 -0.31 Additional equity components 3.5 3.5 Non-controlling interests 1.6 1.7 Consolidated P&L 898 1,810 ./. Accrual for pay-out, potential AT1 coupons and effects from AT1 buybacks and redemptions -2.4 -1.8 accrual for potential AT1 coupon distribution current year 59 118 Equity attributable to Commerzbank shareholders 1 28.1 28.4 28.3 28.3 Consolidated P&L adjusted for RoE/RoTE 839 1,693 → Net RoE 11.9% 11.9% ./. Goodwill and other intangible assets (net of tax) attributable to Commerzbank shareholders -1.4 -1.5 -1.4 -1.4 Tangible equity attributable to Commerzbank shareholders 1 26.7 27.0 26.9 26.9 Consolidated P&L adjusted for RoE/RoTE 839 1,693 → Net RoTE 12.5% 12.6% Tangible equity 1 31.7 32.0 31.9 31.9 Operating Result 1,367 2,725 → Op. RoTE 17.2% 17.1% ./. Instruments that are given recognition in AT1 Capital -3.5 -3.5 ./. Regulatory adjustments -2.2 -2.3 Common equity tier 1 capital 1 26.0 26.2 26.1 26.1 Operating Result 1,367 2,725 → Op. RoCET 20.9% 20.9% 1) Equity reduced by payout accrual, accrual for potential (fully discretionary) AT1 coupons and effects from AT1 buybacks and redemptions 2) Corrected versus previous publications
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H1 2026 06 August 2026 Commerzbank, Frankfurt 67 €m Q1 2025 Total underlying revenues Exceptional items Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Total revenues o/w Net interest income o/w Net commission income o/w Net fair value result o/w Other income o/w Dividend income o/w Net income from hedge accounting o/w Other financial result o/w At equity result o/w Other net income Risk result Operating expenses Compulsory contributions Operating result Restructuring expenses Total Assets / Total Liabilities RWA operational risk (end of period) Cost income ratio (incl. compulsory contributions) (%) Operating return on CET1 (RoCET) (%) Operating return on tangible equity (%) Return on equity of net result (%) Net return on tangible equity (%) Consolidated Result attributable to Commerzbank shareholders Pre-tax result Commerzbank Group Taxes on income Minority Interests Average capital employed RWA credit risk (end of period) RWA market risk (end of period) RWA (end of period) Cost income ratio (excl. compulsory contributions) (%) H1 2025 Q2 2026 Commerzbank Group 3.124 -52 3.087 2.940 3.132 12.283 3.200 -67 -2 9 -112 19 3.072 3.019 2.939 3.141 12.171 3.219 2.071 2.062 2.044 2.049 8.226 2.047 1.012 1.004 985 1.029 4.029 1.102 14 -38 -35 74 14 33 -24 -8 -55 -11 -98 36 2 15 1 11 29 4 71 41 42 47 200 -12 24 69 19 14 125 65 12 3 -2 1 14 - 0 -132 -136 -115 -83 -466 -21 -123 -176 -215 -207 -722 -142 1.618 1.616 1.624 1.809 6.666 1.594 104 58 53 59 274 125 1.227 1.169 1.047 1.067 4.509 1.358 40 493 20 9 562 1 573.624 581.777 592.906 590.052 590.052 603.245 24.644 24.644 24.894 26.091 26.091 26.231 56,1% 55,4% 57,1% 59,4% 57,0% 53,4% 18,7% 18,0% 16,3% 16,5% 17,4% 20,9% 14,9% 14,4% 13,0% 13,4% 13,9% 17,1% 10,6% 5,5% 7,4% 9,6% 8,3% 12,1% 11,1% 5,8% 7,8% 10,1% 8,7% 12,7% 913 1.187 676 1.027 1.059 3.947 1.357 306 150 375 259 1.089 373 46 64 61 63 234 71 26.293 26.021 25.669 25.883 25.982 25.986 141.737 142.858 142.158 141.210 141.210 144.881 7.888 8.622 7.934 8.469 8.469 8.602 834 462 591 737 2.625 174.269 176.124 174.986 175.769 175.769 179.714 52,7% 53,5% 55,3% 57,6% 54,8% 49,5% 6.211 3.307 6.508 -119 -8 10 6.092 3.299 6.518 4.133 2.059 4.106 2.015 1.076 2.178 -25 54 87 -32 110 146 17 23 27 112 16 4 93 34 99 15 3 3 -268 34 13 -300 -202 -344 3.234 1.673 3.267 162 57 182 2.396 1.367 2.725 534 - 0 1 1.862 1.367 2.724 456 388 762 110 81 152 1.296 898 1.810 581.777 619.060 619.060 26.141 26.135 26.071 142.858 147.293 147.293 8.622 8.922 8.922 24.644 26.231 26.231 176.124 182.446 182.446 53,1% 50,7% 50,1% 55,8% 52,4% 52,9% 18,3% 20,9% 20,9% 14,6% 17,2% 17,1% 8,1% 11,9% 11,9% 8,5% 12,5% 12,6%
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Q1 2026 Corporate Clients 06 August 2026 68 €m Q1 2025 Total underlying revenues 1,240 Exceptional items -6 Q2 2025 Q4 2025 FY 2025 1,175 1,263 4,882 1,248 -6 -3 -15 4 Total revenues 1,234 1,169 1,261 4,866 1,253 o/w Net interest income 596 615 653 2,501 639 o/w Net commission income 350 355 363 1,420 377 o/w Net fair value result 257 163 221 831 206 o/w Other income 31 36 23 114 31 o/w Dividend income - 0 2 1 4 - 0 o/w Net income from hedge accounting 18 20 21 73 4 o/w Other financial result 18 13 1 35 30 o/w At equity result - 0 3 - 0 3 - 0 o/w Other net income -6 -1 -1 -1 -2 Risk result -77 -99 -133 -422 -106 Operating expenses 553 576 602 2,291 580 567 Cost income ratio (incl. compulsory contributions) (%) 44.9% 49.3% 47.8% 47.1% 46.3% Operating return on CET1 (RoCET) (%) 19.1% 15.3% 16.8% 17.0% 18.0% - 0 94,467 Compulsory contributions - 0 - 0 - 0 1 Total Assets 253,117 262,259 277,192 277,192 283,939 Total Liabilities 233,582 232,978 231,072 231,072 241,199 Average capital employed 12,648 12,883 12,504 12,655 12,596 RWA credit risk (end of period) 80,891 80,685 78,710 78,710 80,890 RWA market risk (end of period) 6,117 5,756 5,859 5,859 6,328 RWA operational risk (end of period) 8,520 7,177 7,282 7,282 7,248 Operating return on tangible equity (%) 18.3% 14.5% 16.0% 16.2% 17.1% Q3 2025 1,204 -1 1,203 637 353 189 24 - 0 14 3 - 0 7 -112 560 - 0 274,609 238,131 12,580 79,186 5,472 7,272 46.5% 16.9% 16.0% Operating result 603 494 531 525 2,153 RWA (end of period) 95,528 93,617 91,931 91,851 91,851 Cost income ratio (excl. compulsory contributions) (%) 44.8% 49.3% 46.5% 47.7% 47.1% 46.3% H1 2025 2,414 -11 2,403 1,211 704 421 67 2 38 31 3 -7 -176 1,129 - 0 1,097 262,259 232,978 12,747 80,685 5,756 7,177 93,617 47.0% 47.0% 17.2% 16.4% Q2 2026 H1 2026 1,244 2,492 -12 -8 1,232 2,484 660 1,299 376 752 168 374 28 59 2 2 12 15 8 38 4 4 3 - 0 -149 -255 592 1,171 - 0 - 0 490 1,057 300,719 300,719 250,324 250,324 12,801 12,691 79,784 79,784 6,527 6,527 7,515 7,515 93,826 93,826 48.1% 47.2% 48.1% 47.2% 15.3% 16.7% 14.7% 15.9% Commerzbank, Frankfurt
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€m Q1 2025 Total underlying revenues 1,707 Exceptional items 1 Q2 2025 Q4 2025 FY 2025 Q1 2026 1,710 1,793 6,919 1,944 - 0 14 15 1 Total revenues 1,708 1,710 1,806 6,934 1,945 o/w Net interest income 1,202 1,180 1,170 4,710 1,178 o/w Net commission income 670 657 673 2,638 734 o/w Net fair value result -32 -23 16 -33 37 o/w Other income -132 -104 -53 -381 -3 o/w Dividend income 3 14 4 23 3 o/w Net income from hedge accounting 2 1 -6 5 13 o/w Other financial result -2 1 17 11 -5 o/w At equity result 12 - 0 1 11 - 0 o/w Other net income -146 -121 -70 -431 -16 Risk result -43 -79 -74 -292 -45 Operating expenses 928 1,017 1,108 4,044 988 787 Cost income ratio (incl. compulsory contributions) (%) 60.4% 62.8% 64.6% 62.3% 57.2% Operating return on CET1 (RoCET) (%) 31.4% 26.4% 25.7% 27.4% 34.8% 125 67,804 Compulsory contributions 104 58 58 273 Total Assets 185,936 187,064 193,211 193,211 194,717 Total Liabilities 240,584 244,080 258,437 258,437 252,933 Average capital employed 8,070 8,440 8,787 8,470 9,052 RWA credit risk (end of period) 46,755 48,495 49,904 49,904 51,701 RWA market risk (end of period) 975 1,063 991 991 991 RWA operational risk (end of period) 14,386 14,200 15,017 15,017 15,113 Operating return on tangible equity (%) 31.1% 25.6% 25.3% 26.9% 34.3% Provisions for legal risks of FX loans of mBank -158 -128 -90 -483 -17 Q3 2025 1,709 - 0 1,709 1,157 638 6 -93 2 7 -5 -2 -95 -96 991 53 188,223 252,407 8,667 49,392 948 14,461 61.1% 26.3% 25.4% -107 06 August 2026 Commerzbank, Frankfurt 69 Operating result 633 557 569 565 2,324 RWA (end of period) 62,117 63,758 64,801 65,912 65,912 Operating result ex legal provisions on FX loans 791 685 676 655 2,807 804 Cost income ratio (excl. compulsory contributions) (%) 54.3% 59.5% 58.0% 61.4% 58.3% 50.8% H1 2025 Q2 2026 H1 2026 3,418 1,933 3,877 - 0 -1 - 0 3,418 1,932 3,878 2,382 1,183 2,361 1,327 708 1,442 -55 30 67 -236 11 7 17 22 26 3 -2 11 -1 -18 -22 12 -1 -1 -267 10 -6 -122 -73 -118 1,945 999 1,987 162 57 182 1,189 803 1,590 187,064 197,289 197,289 244,080 254,039 254,039 8,236 9,287 9,172 48,495 53,530 53,530 1,063 1,136 1,136 14,200 15,038 15,038 63,758 69,704 69,704 56.9% 51.7% 51.3% 61.6% 54.7% 55.9% 28.9% 34.6% 34.7% 28.4% 34.1% 34.1% -286 -29 -46 1,476 832 1,636 Private and Small-Business Customers
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Total underlying revenues 1,173 Exceptional items - 0 1,125 1,190 4,590 1,264 - 0 14 14 - 0 Total revenues 1,173 1,125 1,205 4,605 1,264 o/w Net interest income 602 593 628 2,414 657 o/w Net commission income 546 517 541 2,102 595 o/w Net fair value result -2 3 1 2 4 o/w Other income 28 12 35 87 8 o/w Dividend income 3 13 4 21 3 o/w Net income from hedge accounting - 0 - 0 - 0 - 0 - 0 o/w Other financial result - 0 - 0 10 10 - 0 o/w At equity result 12 - 0 1 11 - 0 o/w Other net income 13 - 0 19 44 4 Risk result -4 -50 -14 -116 -22 Operating expenses 732 810 874 3,194 779 458 Cost income ratio (incl. compulsory contributions) (%) 63.1% 72.6% 72.9% 69.8% 62.0% Operating return on CET1 (RoCET) (%) 40.2% 23.0% 26.9% 28.4% 39.1% 4 34,410 Compulsory contributions 7 7 4 21 Total Assets 127,403 126,905 127,021 127,021 127,165 Total Liabilities 182,623 184,499 193,260 193,260 186,371 Average capital employed 4,267 4,482 4,647 4,480 4,686 RWA credit risk (end of period) 24,631 24,972 26,011 26,011 26,068 RWA market risk (end of period) 509 595 514 514 468 RWA operational risk (end of period) 8,052 7,893 8,008 8,008 7,875 06 August 2026 70 €m Q1 2025 Q2 2025 Q4 2025 FY 2025 Q1 2026 Operating result 429 257 313 1,274 RWA (end of period) 33,191 33,460 34,533 34,533 Operating return on tangible equity (%) 40.7% 22.4% 26.7% 28.1% 38.8% Q3 2025 1,102 - 0 1,102 592 499 - 0 12 2 - 0 - 0 -2 12 -48 777 2 275 127,105 192,185 4,573 25,778 567 7,954 34,298 70.7% 24.1% 23.3% Cost income ratio (excl. compulsory contributions) (%) 62.5% 72.0% 70.5% 72.5% 69.4% 61.7% H1 2025 Q2 2026 H1 2026 2,298 1,260 2,524 - 0 - 0 - 0 2,298 1,260 2,524 1,194 650 1,307 1,062 571 1,166 1 -7 -2 40 45 53 15 10 13 - 0 - 0 - 0 - 0 - 0 - 0 12 -1 -1 13 37 41 -55 -43 -65 1,542 775 1,554 15 4 9 686 438 896 126,905 126,428 126,428 184,499 184,470 184,470 4,359 4,660 4,677 24,972 26,043 26,043 595 494 494 7,893 7,828 7,828 33,460 34,365 34,365 67.1% 61.5% 61.6% 67.8% 61.8% 61.9% 31.5% 37.6% 38.3% 31.3% 37.4% 38.1% PSBC Germany | Part of segment Private and Small-Business Customers Commerzbank, Frankfurt
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€m Q1 2025 Q2 2025 Q4 2025 FY 2025 Q1 2026 Total underlying revenues 535 585 602 2,329 681 Exceptional items 1 - 0 -1 - 0 1 Total revenues 536 585 602 2,329 682 o/w Net interest income 600 587 543 2,296 521 o/w Net commission income 125 140 132 536 139 o/w Net fair value result -29 -26 15 -35 33 o/w Other income -160 -116 -88 -468 -11 o/w Dividend income - 0 2 - 0 2 - 0 o/w Net income from hedge accounting 2 1 -6 5 13 o/w Other financial result -2 1 7 1 -5 o/w Other net income -159 -121 -89 -475 -20 Risk result -39 -28 -61 -176 -23 Operating expenses 196 207 234 850 209 Compulsory contributions 120 Operating result 329 Total Assets 58,532 60,159 66,190 66,190 67,552 Total Liabilities 57,960 59,582 65,177 65,177 66,562 Average capital employed 3,803 3,958 4,139 3,990 4,366 RWA credit risk (end of period) 22,125 23,524 23,892 23,892 25,633 RWA market risk (end of period) 466 469 477 477 523 7,238 Cost income ratio (incl. compulsory contributions) (%) 54.6% 43.9% 48.0% 47.3% 48.3% Operating return on CET1 (RoCET) (%) 21.4% 30.3% 24.4% 26.3% 30.2% mBank | Part of segment Private and Small-Business Customers 06 August 2026 Commerzbank, Frankfurt 71 Q3 2025 606 - 0 607 566 139 6 -104 - 0 7 -5 -106 -48 213 61,118 60,222 4,095 23,614 381 43.6% 28.7% 97 50 51 54 252 RWA operational risk (end of period) 6,335 6,307 6,507 7,009 7,009 Operating return on tangible equity (%) 20.7% 29.3% 27.8% 23.7% 25.5% 29.5% 204 300 294 252 1,050 RWA (end of period) 28,926 30,299 30,502 31,379 31,379 33,394 Cost income ratio (excl. compulsory contributions) (%) 36.5% 35.3% 35.2% 39.0% 36.5% 30.6% H1 2025 Q2 2026 H1 2026 1,120 673 1,354 - 0 -1 - 0 1,120 672 1,354 1,188 533 1,054 265 137 276 -56 37 70 -276 -35 -46 2 13 13 3 -2 11 -1 -18 -22 -280 -28 -47 -68 -30 -54 402 225 433 147 52 173 503 365 694 60,159 70,861 70,861 59,582 69,569 69,569 3,877 4,627 4,495 23,524 27,487 27,487 469 642 642 6,307 7,210 7,210 30,299 35,339 35,339 35.9% 33.4% 32.0% 49.0% 41.2% 44.8% 26.0% 31.5% 30.9% 25.1% 30.8% 30.1%
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€m 06 August 2026 72 Q1 2025 Total underlying revenues 177 Exceptional items Q2 2025 Q4 2025 FY 2025 Q1 2026 202 76 482 8 Total revenues o/w Net interest income o/w Net commission income o/w Net fair value result o/w Other income o/w Dividend income o/w Net income from hedge accounting o/w Other financial result o/w At equity result o/w Other net income Risk result Operating expenses Compulsory contributions Operating result Pre-tax result Total Liabilities Restructuring expenses Total Assets Average capital employed RWA credit risk (end of period) RWA market risk (end of period) RWA operational risk (end of period) RWA (end of period) -46 -62 -1 -111 13 130 140 74 371 21 273 267 225 1,015 230 -8 -8 -7 -29 -8 -212 -179 -163 -785 -209 78 60 19 170 8 -1 5 2 1 50 20 31 122 -29 8 55 -5 80 39 - 0 - 0 - 0 - 0 - 0 20 -14 -12 -34 -3 -3 1 1 -8 9 137 23 98 332 26 - 0 - 0 - 0 - 0 - 0 -9 118 -24 32 4 -49 -375 -32 -530 3 40 493 9 562 1 134,572 132,454 119,649 119,649 124,590 109,113 5,575 4,698 4,593 4,857 4,338 12,290 796 1,803 1,619 1,619 1,284 1,738 3,268 3,792 3,792 3,869 16,624 18,749 18,007 18,007 17,443 99,458 104,718 100,543 100,543 14,091 13,678 12,596 12,596 -1 Q3 2025 28 -1 27 250 -6 -231 13 -1 21 21 - 0 -28 -7 73 - 0 -53 20 -73 130,074 102,368 4,422 13,580 1,513 3,161 18,255 Commerzbank, Frankfurt H1 2025 Q2 2026 H1 2026 378 130 138 -108 5 18 270 135 156 539 216 446 -16 -8 -16 -391 -144 -353 138 71 79 -2 -1 - 0 70 7 -23 64 44 84 - 0 - 0 - 0 6 22 19 -1 20 30 160 82 108 - 0 - 0 - 0 109 74 78 534 - 0 1 -425 74 77 132,454 121,051 121,051 104,718 114,697 114,697 5,158 4,047 4,208 13,678 13,979 13,979 1,803 1,259 1,259 3,268 3,678 3,678 18,749 18,916 18,916 Others & Consolidation
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06 August 2026 Commerzbank, Frankfurt 73 €m Q1 2025 Q2 2025 H1 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Q2 2026 H1 2026 Exceptional Revenue Items -52 -67 -119 -2 9 -112 19 -8 10 Net fair value result -52 -67 -119 -2 -5 -126 19 -8 10 o/w Hedging & valuation adjustments¹ -52 -67 -119 -2 -5 -126 19 -8 10 Other income - - - - 14 14 - - - PSBC Germany - - - - 14 14 - - - Other income - - - - 14 14 - - - o/w Prov. re judgement on pricing of accounts - - - - 14 14 - - - mBank 1 - - - -1 - 1 -1 - Net fair value result 1 - - - -1 - 1 -1 - o/w Hedging & valuation adjustments¹ 1 - - - -1 - 1 -1 - CC -6 -6 -11 -1 -3 -15 4 -12 -8 Net fair value result -6 -6 -11 -1 -3 -15 4 -12 -8 o/w Hedging & valuation adjustments¹ -6 -6 -11 -1 -3 -15 4 -12 -8 O&C -46 -62 -108 -1 -1 -111 13 5 18 Net fair value result -46 -62 -108 -1 -1 -111 13 5 18 o/w Hedging & valuation adjustments¹ -46 -62 -108 -1 -1 -111 13 5 18 1) FVA, CVA / DVA; in O&C incl AT1 FX effect Exceptional Revenue Items Commerzbank Group
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06 August 2026 30 June 2026 (31 March 2026) (€bn) 59 (65) 67 (66) 91 (80) 44 (40) 9 (9) Assets Cash reserve / sight deposits (Banks & Central Banks) FA Amortised cost FA Fair Value OCI (mainly Debt Securities) FA Mandatory Fair Value P&L (mainly Repos) FA Held for Trading Other Assets 619 (603) 21 (20) 3 (4) 6 (6) 35 (36) Liabilities FL Amortised Cost FL Fair Value Option FL Held for Trading Provisions Tax/Other liabilities Equity incl. AT1 619 (603) 301 (298) 37 (35) 11 (11) Loans and advances Debt Securities Repos, Other 353 (351) 47 (42) 73 (70) 17 (17) 55 (49) 9 (8) Deposits MM Debt Securities Issued Other financial liabilities Repos/Other Debt Securities 490 (480)349 (343) 63 (58) Commerzbank, Frankfurt Balance sheet 74 As of 30 June 2026 the main other currencies on assets beside EUR are USD (15%), PLN (9%), GBP (3%), JPY (1%)
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Glossary – Key ratios 06 August 2026 75Commerzbank, Frankfurt Key Ratio Abbreviation Calculated for Numerator Denominator Group Private and Small Business Customers and Corporate Clients Others & Consolidation Cost/income ratio (excl. compulsory contributions) (%) CIR (excl. compulsory contributions) (%) Group as well as segments PSBC and CC Operating expenses Total revenues Total revenues n/a Cost/income ratio (incl. compulsory contributions) (%) CIR (incl. compulsory contributions) (%) Group as well as segments PSBC and CC Operating expenses and compulsory contributions Total revenues Total revenues n/a Operating return on CET1 (%) Op. RoCET (%) Group and segments (excl. O&C) Operating profit Average CET1 [includes reduction of pay-out accrual, potential (fully discretionary) AT1 coupon and effects from AT1 buybacks and redemptions] 13.5% ¹ of the average RWAs (YTD: PSBC Germany €34,6bn, mBank €33,3bn, CC €94bn) n/a (note: O&C contains the reconciliation to Group CET1) Operating return on tangible equity (%) Op. RoTE (%) Group and segments (excl. O&C) Operating profit Average IFRS capital after deduction of intangible assets, reduced by pay-out accrual, potential (fully discretionary) AT1 coupon and effects from AT1 buybacks and redemptions 13.5% ¹ of the average RWAs plus average regulatory capital deductions (excluding intangible assets) (YTD: PSBC Germany €0bn, mBank €0,1bn, CC €0,6bn) n/a (note: O&C contains the reconciliation to the Group equity defined on the left) Return on equity of net result (%) Net RoE (%) Group Consolidated Result attributable to Commerzbank shareholders after deduction of the potential (fully discretionary) AT1 coupon Average IFRS shareholders' capital, reduced by pay-out accrual, potential (fully discretionary) AT1 coupon and effects from AT1 buybacks and redemptions n/a n/a Net return on tangible equity (%) Net RoTE (%) Group Consolidated Result attributable to Commerzbank shareholders after deduction of the potential (fully discretionary) AT1 coupon Average IFRS shareholders' capital, after deduction of intangible assets (net of tax), reduced by pay-out accrual, potential (fully discretionary) AT1 coupon and effects from AT1 buybacks and redemptions n/a n/a Non-Performing Exposure ratio (%) NPE ratio (%) Group Non-performing exposures Total exposures according to EBA Risk Dashboard n/a n/a Cost of Risk (bp) CoR (bp) Group Risk Result Exposure at Default n/a n/a Cost of Risk on Loans (bp) CoRL (bp) Group Risk Result Loans and Advances [annual report note (25)] n/a n/a Key Parameter Calculated for Calculation Deposit beta Group ex mBank Interest pass-through rate across interest bearing and non-interest bearing deposit products Total underlying revenues Group and segments Total revenues excluding exceptional revenue items Underlying Operating Performance Group and segments Operating result excluding exceptional revenue items and compulsory contributions 1) Charge rate reflects current regulatory and market standard 1) Change reflects current regulatory and market standard
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Investors and Financial Analysts Rating Agencies For more information, please contact our IR team 06 August 2026 76 mail: ir@commerzbank.com / internet: investor-relations.commerzbank.com Christoph Wortig Head of Investor Relations +49 69 9353 47710 @ christoph.wortig@ commerzbank.com Ansgar Herkert Head of IR Communications +49 69 9353 47706 @ ansgar.herkert@ commerzbank.com Matthias Obst +49 69 9353 47703 @ matthias.obst@ commerzbank.com Jutta Madjlessi +49 69 9353 47707 @ jutta.madjlessi@ commerzbank.com Ute Sandner +49 69 9353 47708 @ ute.sandner@ commerzbank.com Financial calendar 2026 / 2027 Commerzbank, Frankfurt 5 November 2026 Q3 2026 results 11 February 2027 Q4 2026 results Patricia Novak +49 69 9353 47704 @ patricia.novak@ commerzbank.com 5 May 2027 Q1 2027 results 19 May 2027 AGM
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Disclaimer This presentation contains forward-looking statements. Forward- looking statements are statements that are not historical facts; they include, inter alia, 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 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 Quarterly Results – Commerzbank AG 06 August 2026 77Commerzbank, Frankfurt