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Record 9M profit Momentum delivers 05 November 2026 0All figures in this presentation are subject to roundingCommerzbank, Frankfurt Analyst conference – Q3 2026
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9M 2026 vs 9M 25 Outlook 2026 Targets 2028 Targets 2030 Revenues €9,717m +7.6% €13.2bn €15.0bn €16.8bn Risk result -€554m +7.6% ~850m ~25bp1 ~25bp1 Net result €2,669 +41.4% ≥€3.4bn €4.6bn €5.9bn Cost income ratio (excluding compulsory contributions) 53% (50%) -3.4pp (-3.3pp) 53% (51%) 48% (46%) 43% (41%) Net RoTE (excluding restructuring expenses) 12.4% (12.4%) +4.1pp (+2.3pp) ~12% ~17% ~21% CET1 ratio 14.2% -0.6pp >14.0% 13.7% 13.5% Capital return At a glance – key targets for 2026 to 2030 confirmed 05 November 2026 Commerzbank, Frankfurt 1 1) CoRL: Cost of Risk on Loans €1.2bn share buyback ongoing 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 05 November 2026 Commerzbank, Bettina Orlopp, Frankfurt 2
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Record performance in 9M – on path to record FY 2026 05 November 2026 3Commerzbank, Bettina Orlopp, Frankfurt Total revenues (€bn) 9M 24 9M 25 9M 26 8.2 9.0 9.7 +8% Cost income ratio (CIR) (%) 56 54 50 3 9M 24 2 9M 25 2 9M 26 59 56 53 9M 24 9M 25 9M 26 2.8 3.4 4.0 +17% Operating result (€bn) 9M 24 9M 252 9M 26 8.8 8.2 12.4 Net RoTE (%) CET1 ratio (%) Net result (€bn) 9M 24 9M 25 9M 26 14.8 14.7 14.2 Compulsory contributions 9M 24 9M 251 9M 26 1.9 1.9 2.7 +41% 2) 10.1% excl. restructuring expenses (net of tax) 1) €2.3bn excl. restructuring expenses (net of tax)
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Continuing our resilient growth and transformation path 05 November 2026 Commerzbank, Bettina Orlopp, Frankfurt Customers Corporate clients’ satisfaction at an all-time high Ramping up retail customers offering for pension reform Further AI supported customer service and solutions Shareholders Best-ever financial performance in our history Strong annual corporate loan growth of 14% and 9M fee growth of 8% Net profit and CIR guidance for 2026 to 2030 confirmed Employees Significant progress in socially responsible FTE reduction measures Record-high number of trainee applications Strong commitment and performance motivation 4
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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 Cumulative ~€7bn of capital returned with execution of ongoing ~€1.2bn buyback 05 November 2026 5 Capital return and target capital return 2026e-2030e (€bn) 30 50 71 100 100 1.2 2026e 2028e 2030e ~3.2 ~4.4 ~5.6 Payout ratio (%)1 Dividend Buyback 7% Total yield based on market capitalisation as of 30 September 2026 10% 13% Dividend share of capital return (%)65 41 42 44 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 100 until 13.5% CET1 target ratio is reached Further growth of dividend share Buyback (in execution)
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5 8 9 1010 12 14 17 19 2020 1 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 74 62 57 56 5555 51 49 46 43 Strategy 2024 delivered one year early DAX index re-joined Start capital return and first ever buyback Double-digit RoTE reached 100% payout Growth strategy significantly accelerated by AI Sustained full distribution of earnings to shareholders Transformation started Momentum strategy 7% NCI growth Turnaround to positive net result Record profit expected From successful transformation to accelerated growth 05 November 2026 Commerzbank, Bettina Orlopp, Frankfurt 6 2024Strategy 2024 Restructuring 2028Momentum Growth & Transformation 2030Momentum 2030 Acceleration Ambitious cost reduction Right-sizing of business setup Utilise proven strengths to grow Transformation of business model Delivering higher profitability – faster AI accelerates business transformation Net RoTE (%) before restructuring CIR (%) excl. compulsory contributions 75 -12 21 41 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
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0 1 2 05 November 2026 Commerzbank, Bettina Orlopp, Frankfurt 7 Phase 0 Status Quo Phase 1 Part of UniCredit Group Phase 2 Further integration UniCredit is the largest shareholder but not yet controlling shareholder CBK operates independently under the management of its BoMD Preparation for consolidation into and alignment with UniCredit Group started UniCredit is controlling and consolidating CBK after closing of tender Listed Commerzbank Group aligned within UniCredit Group First benefits from being part of UniCredit Group Potential in-market-merger of CBK with HVB Can be via reverse merger or other structural measure Full synergy potential and integration within UniCredit Group, depending on structural measure used UniCredit to become controlling shareholder
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Phase 1 can offer significant value potential 05 November 2026 Commerzbank, Bettina Orlopp, Frankfurt 8 Geographical coverage Strategic CEE partnership Leverage of intl. reach (e.g. Asia) Joint product platforms Product and sales cooperation ECM partnerships Joint financing capabilities Joint participation in larger club deals and syndicated loans Procurement & sourcing Joint procurement for key suppliers Selective joint near- shoring & sourcing Technology & locations Joint projects (e.g. Digital Euro, AI) Optimise location overlaps Knowledge & production Knowledge transfer (e.g. AI, cyber) Joint “Product Factories” Outside-in view, assumptions to be validated and detailed jointly with UniCredit Tangible cost and revenue levers for Commerzbank within UniCredit Group Improved key metrics Cost-Income-Ratio RWA efficiency RoTE Dis-synergies to be managed Cost synergies Revenue synergies
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Commerzbank with high strategic and financial value 05 November 2026 Commerzbank, Bettina Orlopp, Frankfurt 9 Strong client franchise Germany anchored Attractive financials Leading corporate clients franchise, particularly in German Mittelstand and with DACH connected corporates Nationwide German private customer franchise based on Commerzbank and comdirect brands Contribution of mBank with strong growth and exposure to the highly attractive Polish economy Business model firmly rooted in Germany as 3rd largest economy in the world ~30% market share in German foreign trade finance Continues to deliver growing benefits from the replication portfolio based on the large German deposit franchise Track record of revenue growth and cost discipline – further boosted by AI Capture synergies from UniCredit capabilities in Commerzbank Attractive capital return policy and continuously improving profitability
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Key takeaways 05 November 2026 10 We achieved our best-ever 9M result and confirm our key targets 2026 to 2030 We continue to focus on our customer business We are committed to maximizing value creation for all stakeholders Commerzbank, Bettina Orlopp, Frankfurt Shareholders benefit from our delivery and additional potential within UniCredit Group
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Carsten Schmitt CFO 05 November 2026 Commerzbank, Carsten Schmitt, Frankfurt 1111
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Result (€m) Operating result Net result Net RoTE 7.8% 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 05 November 2026 12 Q3 25 Q2 26 Q3 26 2,939 3,299 3,199 -215 -202 -210 Q3 25 Q2 26 Q3 26 Q3 25 Q2 26 Q3 26 1,047 1,367 1,312 1.1% Q3 25 Q2 26 Q3 26 14.7% 14.4% 14.2% 12.5% 11.9% 1.2%1.0% 55% 51% 51% 57% 52% 52% 1,677 1,730 1,677 591 898 859 175 182 180 Commerzbank, Carsten Schmitt, Frankfurt
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Net interest income 2,062 2,044 2,049 1,004 985 1,029 14 -38 -35 74 1,012 2,071 Net commission income Net fair value 134 120 52 79 -158 -128 -107 -90 Other income (excl. FX loan prov.) FX loan provisions 2,047 33 1,102 53 -17 Q3 with year-on-year 9% revenue growth 05 November 2026 13 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 3,072 3,019 2,939 3,141 3,219 3,299 3,199 Revenues (€m) 2,059 1,076 54 139 -29 9M 25: 9,030 9M 26: 9,717 2,115 1,072 41 -11 -18 Commerzbank, Carsten Schmitt, Frankfurt Net interest income (NII) up 3.5% YoY driven by 12% growth in PSBC Germany and 4% in CC. Offsetting effects from lower rates in Poland with mBank -1% and O&C -10% Net commission income (NCI) up 9% YoY driven by strong growth in PSBC Germany Net fair value result (NFV) €76m higher YoY driven by CC with +€35m, mBank with +€21m and O&C with +€29m offsetting higher funding costs reported in NII Other income negative in Q3 as €33m positive contributions from dividend income, hedge accounting, and realisations were offset by one-offs in O&C and provisions related to customer protection in mBank
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YoY 9% growth of net commission income in Q3 05 November 2026 14 125 140 139 132 139 137 2 546 517 499 541 594 571 142 350 355 353 363 377 376 570 -8 -8 -6 -7 -8 -8 358 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 1,012 1,004 985 1,029 1,102 1,076 1,072 CC PSBC Germany mBank O&C 9M 26: 3,2509M 25: 3,000 Net commission income (NCI) (€m) Corporate Clients (CC) with YoY slightly higher NCI driven by trade finance and cash management Private and Small-Business Customers Germany (PSBC Germany) with YoY 14% higher NCI based on securities business and higher account fees mBank with YoY slightly higher NCI driven by payments and the securities business Commerzbank, Carsten Schmitt, Frankfurt
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NCI driven by securities and payments businesses 05 November 2026 15 118 126 115 111 133 135 115 199 195 202 206 201 205 210 33 Q1 25 34 Q2 25 35 Q3 25 46 Q4 25 42 Q1 26 36 Q2 26 33 Q3 26 350 355 353 363 377 376 358 33 26 18 26 31 24 2683 88 87 98 85 84 96 125 130 127 134 143 150 150 305 273 266 283 336 313 298 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 546 517 499 541 594 571 570 Securities business Payments business Asset management Pension products / other Securities volume (€bn | eop) Cash & Trade Capital Markets Lending / other 242 247 259 266 261 285 Corporate Clients Cash & Trade improving YoY with strong contribution from guarantees and payment transactions Capital Markets and lending with stable contributions YoY 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 revenue increase driven by discretionarily managed portfolios QoQ increase in securities volume from net new money (€1.8bn) and market movements 291 Commerzbank, Carsten Schmitt, Frankfurt 9M 26: 1,110 9M 26: 1,7369M 25: 1,561 9M 25: 1,057 Net commission income Corporate Clients (€m) Net commission income PSBC Germany (€m)
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Net interest income up 3% QoQ 05 November 2026 16 273 267 250 225 230 216 224 600 587 566 543 521 533 562 601 593 592 628 657 650 664 596 615 637 653 639 660 664 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 2,071 2,062 2,044 2,049 2,047 2,059 2,115 CC PSBC Germany mBank O&C 2.04 3.75 2.79 2.26 5.75 5.46 2.00 4.94 2.00 4.30 2.00 3.93 9M 26: 6,2229M 25: 6,177 Net interest income (NII) (€m) Corporate Clients (CC) with QoQ slightly increased NII. Higher contributions from loans and deposits partially offset by higher funding costs from capital markets that are more than compensated by QoQ higher NFV Private and Small-Business Customers Germany (PSBC Germany) with QoQ 2% higher NII largely driven by the replication portfolio with some offset from lower deposit volumes mBank with 6% higher NII QoQ based on significant loan and deposit growth as well as margin recovery Others & Consolidation (O&C) with QoQ 4% higher NII partially offset in NFV and Other Income Avg. NBP reference rate (%) Avg. ECB deposit rate (%)2.29 3.75 Commerzbank, Carsten Schmitt, Frankfurt
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Continued loan growth – deposit competition intensified 05 November 2026 17 96 Q1 26 11 14 33 66 29 (3) 40 96 Q3 25 13 68 35 66 29 (3) 29 (3) 96 Q4 25 96 10 14 15 29 63 29 (3) 4238 96 Q1 25 68 10 68 30 30(3) 65 29 (3) Q2 26 Q3 26 Institutionals & others 29 (3) Internat. corp. 97 Mittelstand Other loans (o/w cons. loans) Q2 25 Mortgages 228 231 235 239 245 247 250 95 80 80 80 80 80 80 79 90 89 96 98 94 92 90 57 57 56 60 60 62 62 39 39 38 39 41 41 42 Q3 25 Q1 26Q4 25Q1 25 Q2 25 Q2 26 Q3 26 CC term/call CC sight PSBC sight 266 265 271 278 275 275 273 PSBC term/call/ saving Average deposit beta CC PSBC Germany ~40%~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 €15bn (14%) YoY across all client groups and €3bn (3%) QoQ German residential mortgage volume broadly stable QoQ, partially offset in other loans In CC deposit volume increased by €10bn YoY and by €1bn QoQ In PSBC Germany deposit volume decrease by -€3bn QoQ mainly in term/call/saving deposits as we decided not to match exceptionally high offers for new money For Q4 increased volumes expected and supported by new attractive offers for call money in PSBC Germany Beta decreased to ~40% with improvement in both PSBC and CC ~41% Commerzbank, Carsten Schmitt, Frankfurt
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Diversified drivers of sustained loan growth in CC 05 November 2026 18 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 (increase: ~40% Europe, ~40% USA, and ~20% Asia) +14% Q3 2025 Growth in lending to financial institutions and non-bank financial institutions as well as in trade finance with financial institutions 52 22 27 15 9 Q3 2026 51 20 19 11 8 125 Investments and working capital needs increased in Q3 2026 vs Q3 2025 Growth in green financing in Germany and internationally Corporates in Germany German public sector Corporates outside Germany Institutionals & Other Green Infrastructure 1 2 8 3 2 110 Corporate Clients loan volumes (Quarterly averages | €bn) Changes since Q3 2025 (€bn) Commerzbank, Carsten Schmitt, Frankfurt
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05 November 2026 19 2025 +0.6 Replication portfolio -0.2 ECB rate sensitive positions and funding costs -0.1 Beta¹ +0.1 Loans and deposits -0.1 mBank 9M: 6.2 2026e 8.2 ~8.5 Equity and deposit replication portfolio Volume €179bn Ø deposit rate 2025: 2.27% 2026e: 2.22% 9M 26: 2.11% Ø Beta 2025: 40% 2026e: 41% Lower interest rates in Poland Growth in loan and deposit volumes Contributions lower than originally anticipated mainly due to lower 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 2.22% Expected development of NII (€bn) NII outlook 2026 slightly adjusted from €8.6bn to €8.5bn 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 (excluding funding costs) Commerzbank, Carsten Schmitt, Frankfurt
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05 November 2026 Low yield of replication portfolios resulted from negative rates environment and normalizes over time as investments are rolled-over Additional revenues from replication portfolio expected to fully cover potential headwinds from intensive deposit competition and loan margins 0.7 2027 0.6 2028 0.6 2029 0.6 2030 0.6 2031 0.4 2032 0.1 2033 0.2 2026 0.2 2035 0.1 2036 0.6 1.4 1.9 2.5 3.1 3.7 4.1 4.2 4.4 4.6 4.7 2034 1.3 1.7 2.0 2.4 2.7 3.0 3.3 3.3 3.4 3.5 3.6 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 benefits from higher forward rates – NII outlook up to 2030 confirmed 20 Additional NII from roll-over of replication portfolio (€bn | based on constant model volumes and forward rates as of 15 October 2026) Commerzbank, Carsten Schmitt, Frankfurt 0.2 0.3 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.2 Increase vs. Q2 26 outlook due to higher forwards compared to 9 July 2026 1) Average remaining tenor of investment tranches 2) Represents EUR replication portfolio of Commerzbank AG
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05 November 2026 21 616 654 198 226 9M 25 222 9M 26 17 9M 25 -4 9M 26 9M 25 9M 26 5,073 5,126 4,259 4,246 814 880 4,858 4,904 4,242 4,251 215 +1.0% -0.3% +8.1% Operating expenses Compulsory contributions mBankGroup ex mBank Group Costs (€m) Group costs remained stable, with active cost management ensuring that CIR targets are reached while also supporting higher IT investments and absorbing salary increases Group ex mBank operating expenses remained flat despite funding of IT projects, ongoing shoring and sourcing initiatives, salary increases and the employee share programme. Active cost management and a lower valuation effect for equity-based compensation offset these increases. The 9M 2025 comparison also reflects an impairment of intangible assets in 2025 No contribution to German Deposit Guarantee Scheme in 2026 mBank continued to invest in business growth and had increasing contributions to the Polish Resolution Fund 9M CIR (incl. compulsories) ~53% in line with FY target 9M CIR (excl. compulsories) ~50% vs. 9M 25 ~54% Q3 26 costs of €1,677m are €53m below Q2 based on continued active cost management and especially benefitting from lower valuation effects for equity-based compensation and the release of deposit guarantee scheme provisions Costs managed to target – efficiency remains on track Commerzbank, Carsten Schmitt, Frankfurt
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9M 2026 risk result in line with expectations 05 November 2026 22 Risk result (€m) -123 -176 -215 -207 -142 -202 -210 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q3 risk result of -€210m in line with expectations and remaining on previous year’s Q3 level Approach for in-model adjustments for macroeconomic uncertainties and collective staging for climate and environmental risks unchanged; sector-related structural risks previously reflected through collective staging are now incorporated through more granular in-model adjustments Resilient portfolio with cost of risk at 23bp and ratio at low 1.2% Expectation of a 2026 risk result unchanged at ~€850m Cost of risk on loans (bp) Non-performing exposure ratio 9M 2026: -5549M 2025: -515 24 222317 20 18 23 1.1% 1.1%1.0%1.0% 1.1% 1.1% 1.2% Commerzbank, Carsten Schmitt, Frankfurt
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Net result reflects strong operating performance 05 November 2026 23 859 210 373 80 Revenues Risk result Costs Operating result Restruct. expenses Taxes Minority interests Net result 3,199 1,677 1,312 0 Q3 25 Q2 26 Q3 26 1,047 1,367 1,312 Corporate Clients PSBC Germany mBank Others & Consolidation 275 294 -53 531 438 365 73 491 485 366 -79 539 Q3 2026 (€m) Operating result (€m) Commerzbank, Carsten Schmitt, Frankfurt
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€m Q3 25 Q2 26 Revenues 1,203 1,233 o/w Mittelstand 628 630 o/w International Corporates 304 307 Risk result -112 -149 Operating expenses 560 592 Compulsory contributions - 0 - 0 Operating result 531 491 CIR (incl. compulsory contributions) (%) 46.5 48.0 Operating return on equity (%) 16.9 15.4 o/w Institutionals 229 284 650 300 -140 585 - 0 539 46.2 17.0 270 Q3 26 1,264 9M 25 3,606 1,891 864 718 -289 1,689 1 1,628 46.8 17.1 CIR (excl. compulsory contributions) (%) 46.5 48.0 46.3 46.8 9M 26 3,749 1,920 906 805 -395 1,756 - 0 1,597 46.8 46.8 16.8 o/w Others 42 12 44 133 118 RWA (end of period in €bn) 91.9 93.8 94.4 91.9 94.4 05 November 2026 24 603 494 531 526 567 491 539 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 YoY 5% higher revenues driven by loan and deposit growth, ongoing strong capital markets business and good contributions from transaction banking Mittelstand increased revenues 4% YoY mainly from deposits and transaction banking while contribution from loans and capital markets products was largely stable International Corporates with slightly lower revenues YoY as growth in lending and higher revenues from transaction banking could not fully compensate lower contributions from capital markets Institutionals with 18% YoY increase of revenues across all product areas and especially in secured financing and the FX business – QoQ slightly lower due to the exceptionally strong bonds business in Q2 P&L CC Corporate Clients: Q3 with higher operating result YoY Commerzbank, Carsten Schmitt, Frankfurt 9M 25: 1,628 9M 26: 1,597 Operating result (€m)
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05 November 2026 25 429 257 275 313 458 438 485 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 P&L PSBC Germany €m Q3 25 Q2 26 Revenues 1,102 1,260 o/w Private Customers 831 974 o/w Small-Business Customers 216 228 Risk result -48 -43 Operating expenses 777 775 Compulsory contributions 2 4 Operating result 275 438 RWA (end of period in €bn) 34.3 34.4 CIR (incl. compulsory contributions) (%) 70.7 61.8 Operating return on equity (%) 24.0 37.6 o/w Asset Management Subsidiaries 55 58 968 226 -9 760 -13 485 32.8 60.2 42.9 47 Q3 26 1,241 9M 25 3,400 2,564 657 178 -102 2,320 17 961 34.3 68.7 28.9 CIR (excl. compulsory contributions) (%) 70.6 61.5 61.2 68.2 9M 26 3,764 2,923 683 158 -74 2,314 -4 1,381 32.8 61.5 61.4 39.9 9M 25: 961 9M 26: 1,381 Best-ever quarterly result, maintaining strong underlying business momentum Private Customers revenues increasing 17% YoY – key drivers were strong securities business, higher payment fees and increasing contributions from the replication portfolio; QoQ slightly lower revenues due to seasonally lower securities business and Q2 benefitted from a dividend payment Small-Business Customers revenues up 5% YoY and on level of Q2 mainly driven by deposits Revenues in Asset Management Subsidiaries slightly lower, reflecting effects from interest rate environment on real asset businesses PSBC Germany: best-ever quarterly result Commerzbank, Carsten Schmitt, Frankfurt Operating result (€m)
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excluding provisions for legal risks of FX loans: mBank: excellent operating performance 05 November 2026 26 204 300 294 252 329 365 366 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 362 428 401 342 346 394 384 Record high Q3 operating result up 25% YoY thanks to strongly improving interest related income reported in NII and NFV, growing NCI, and materially reduced FX legal risk provisions Strong loan and deposit growth (+15% / +16% YoY) above sector, translating into further market share gains in line with 2026-2030 strategy Revenues before FX legal risk provisions up 1% YoY and 3% QoQ, reaching an all-time high – rate cut effects and provisions related to customer protection were more than offset by growing business volumes and good NCI Polish economic growth – forecast at close to 4% for 2026 – remains among the strongest in the EU Commerzbank, Carsten Schmitt, Frankfurt 9M 25: 798 9M 26: 1,060 Operating result (€m) €m Q3 25 Q2 26 Revenues 607 672 Operating expenses 213 225 Compulsory contributions 51 52 Operating result 294 365 RWA (end of period in €bn) 30,5 35,3 Risk result -48 -30 221 53 366 35,1 -61 Q3 26 701 9M 25 1.727 -116 616 198 798 30,5 9M 26 2.054 -114 654 226 1.060 35,1 CIR (excl. compulsory contributions) (%) 35,2 33,4 31,5 35,7 31,8 CIR (incl. compulsory contributions) (%) 43,6 41,2 39,1 47,1 42,8 Operating return on equity (%) 28,7 31,5 30,8 27,0 30,9 P&L mBank Provisions for legal risks of FX loans of mBank -107 -29 -18 -393 -64
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05 November 2026 27 -9 118 -53 -24 4 73 -79 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 €m Q3 25 Q2 26 Revenues 27 134 o/w Net commission income -6 -8 o/w Net fair value result -231 -144 o/w Other income 14 70 Risk result -7 20 o/w Net interest income 250 216 2 -202 -30 - 0 224 Q3 26 -6 9M 25 297 789 -22 -621 151 -8 RWA (end of period in €bn) 18.3 18.9 18.0 18.3 9M 26 149 670 -14 -555 48 30 18.0 Operating expenses 73 82 72 233 180 YoY lower revenues due to lower other income Lower YoY interest income due to higher funding costs, in line with increasing ECB deposit rates, offset in NFV Other income driven by negative income from hedge accounting and tax-related one-offs, as well as lower realisation gains Others & Consolidation with YtD neutral contribution Compulsory contribution - 0 - 0 - 0 - 0 - 0 Operating result -53 73 -79 56 -2 Commerzbank, Carsten Schmitt, Frankfurt 9M 25: 56 9M 26: -2 P&L O&C Operating result (€m)
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05 November 2026 28 14 14 14 13 14 13 22 24 24 24 26 27 27 25 25 26 26 26 26 24 81 81 79 79 81 80 79 25 25 25 26 26 26 26 Q4 25Q3 25 Q2 26 8 Q1 25 8 Q3 26 174 176 9 176 180 182 180 Q2 25 9 9 10 Q1 26 12 8 175 Market risk Operational risk Credit risk O&C CC mBank PSBC GER Q3 25 Q2 26 Q3 net result after AT1 -0.4 For distribution -0.4 Capital change RWA change Q3 26 10.5 14.7 14.4 14.2 0.4 0.2 Commerzbank Group’s application for an adjustment of the scope of the internal credit risk models has been approved by the ECB. This approval has allowed a temporary release of pre-booked RWA in Q3 and further RWA reductions are expected over upcoming quarters QoQ credit risk RWA further reduced by model related effects, more than compensating higher loan volumes – loan growth in mBank offset by RWA reduction from a new SRT With a target pay-out ratio of 100% no allocation of the net result in CET1 capital; YtD €2.5bn capital dedicated for distribution to shareholders (137bp) thereof 43bp relate to Q3 Capital decrease of €0.7bn mainly from market moves (FX, rates, credit spreads) affecting OCI and slightly higher regulatory deductions reduce CET1 ratio by 37bp MDA increased by 19bp due to higher countercyclical buffer in Poland – new SREP will reduce MDA by 3bp from January 2027 MDA CET1 (€bn)25.8 26.2 0.8 -0.8 -0.7 25.6 RWA development by risk types (€bn | eop) Transition of CET1 ratio (%) CET1 ratio of 14.2% provides large 370bp buffer to MDA Commerzbank, Carsten Schmitt, Frankfurt
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Preparation for consolidation in UniCredit Group started 05 November 2026 Commerzbank, Carsten Schmitt, Frankfurt 29 Requirements Timing Current status UniCredit required to fully consolidate Commerzbank after obtaining control Accordingly, Commerzbank to provide UniCredit with financial and risk information UniCredit will fully include Commerzbank financials and deduct minorities (currently >50%) from the after-tax result ECB approval obtained on 15 October Consolidation subject to still outstanding regulatory approvals (e.g. EU competition authority and Polish regulator) All approvals expected in Q4 2026 or Q1 2027 at the latest Preparatory work for consolidation has started Preliminary analysis indicates different presentation of net interest income between UniCredit and Commerzbank (NII vs. NFV) PPA-adjustments will result in differences between Commerzbank Group standalone figures and Commerzbank figures within UniCredit Group at initial consolidation and in subsequent periods
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05 November 2026 30 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% Updated outlook 2026 – key targets confirmed Net result1 ≥€3.4bn and 100% total payout Revenues of ~€13.2bn based on NII of ~€8.5bn (previously ~€8.6bn), NCI growth of ~7% to ~€4.3bn, and net fair value/other income of ~€0.4bn (previously ~€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 32 Corporate Clients Private and Small-Business Customers mBank Momentum strategy – Capital Return Policy Financials at a glance Key figures Commerzbank share 33 34 35 36 37 38 German Economy 39 Appendix 05 November 2026 31 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 Government bond position mBank CHF mortgage loans 40 41-42 43 44 45 46 47 48 Corporate responsibility Sustainable loan ratio Green Infrastructure Finance portfolio ESG ratings Green bonds 49 50 51 52 Glossary 73 Contacts & financial calendar 74 Disclaimer 75 P&L tables Commerzbank Group Corporate Clients Private and Small-Business Customers PSBC Germany mBank Others & Consolidation Exceptional revenue items by segment Balance Sheet 65 66 67 68 69 70 71 72 Capital management IAS 19: Pension obligations FX impact on CET1 ratio Group equity composition 62 63 64 Funding & rating Liquidity position / ratios Capital markets funding Pfandbrief cover pools MREL requirements Distance to MDA Rating overview 53 54-55 56-57 58 59 60 Loan and deposit volumes 61 Commerzbank, Frankfurt
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05 November 2026 32 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 €40.2bn1 Total assets €613bn Commerzbank, Frankfurt Overview Commerzbank Group 1) As of 3 November 2026, based on outstanding shares
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Corporate Clients 3305 November 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 05 November 2026 34Commerzbank, 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 05 November 2026 35Commerzbank, 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 6.1m private customers and corporate clients across Poland (4.8m), Czech Republic and Slovakia (1.3m) Attractive mix of around 345 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 05 November 2026 Commerzbank, Frankfurt 36 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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Q2 2026Group Total revenues Personnel expenses Administrative expenses (excl. depreciation) Depreciation Compulsory contributions Operating result Net result Cost income ratio (excl. compulsory contributions) Accrual for potential AT1 coupon distribution current year Net RoE Net RoTE Total assets Deposits (amortised cost) Loans and advances (amortised cost) RWA CET1 CET1 ratio Tier1 capital ratio Total capital ratio (with transitional provisions) Leverage Ratio Exposure Leverage ratio Liquidity Coverage Ratio (LCR) (averages of the month-end values) Net stable funding ratio (NSFR) Risk result NPE ratio Q2 2025 Q3 2025 Q3 2026 3,019 2,939 3,299 3,199 -176 -215 -202 -210 944 955 1,008 981 429 461 447 435 243 208 218 222 58 53 57 40 1,169 1,047 1,367 1,312 462 591 898 859 53.5 55.3 50.7 51.2 -68 -66 -59 -61 5.5 7.4 11.9 11.3 5.8 7.8 12.5 11.9 581,777 592,906 619,060 612,517 396,540 403,050 416,629 411,242 292,509 295,445 312,618 314,543 176,124 174,986 182,446 180,280 25,642 25,788 26,234 25,569 14.6 14.7 14.4 14.2 16.5 16.7 16.3 16.2 20.1 19.9 19.6 19.1 672,701 679,815 693,597 685,608 4.3 4.3 4.3 4.3 148.1 141.7 141.2 136.5 124.0 121.3 119.3 - 0 1.1 1.0 1.1 1.2 Group CoR on Loans (CoRL) (year-to-date) 20 23 22 23 Full-time equivalents excl. junior staff (end of period) 37,195 37,388 38,052 38,208 9M 2025 9M 2026 9,030 9,717 -515 -554 2,852 2,927 1,318 1,324 688 654 215 222 3,442 4,037 1,888 2,669 53.8 50.5 -208 -179 7.9 11.7 8.2 12.4 592,906 612,517 403,050 411,242 295,445 314,543 174,986 180,280 25,788 25,569 14.7 14.2 16.7 16.2 19.9 19.1 679,815 685,608 4.3 4.3 143.5 139.4 121.3 - 0 1.0 1.2 23 23 37,388 38,208 Cost income ratio (incl. compulsory contributions) 55.4 57.1 52.4 52.4 56.2 52.8 05 November 2026 Commerzbank, Frankfurt 37 Commerzbank financials at a glance 1 €m €m €m €m €m €m €m €m % % €m % % €m €m €m €m €m % % % €m % % % % bp 1) NSFR as at the end of Q3 / 9M 2026 to be updated by mid November 2026
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€ Key figures Commerzbank share 05 November 2026 38 FY 2023 FY2024 FY 2025 9M 2026 2.75 1.63 3.23 2.06 4.01 2.06 3.73 2.25 Operating result per share¹ EPS¹ YE 2023 YE 2024 YE 2025 9M 2026 Number of shares2 (m) 1,240.22 1,153.59 1,096.5 1,073.8 Market capitalisation2 (€bn) 13.3 18.1 39.6 43.3 Book value per share2,4 (€) 23.17 25.90 27.50 28.12 Tangible book value per share2,4 (€) 22.28 24.78 26.23 26.72 Low/high Xetra intraday prices (€) 8.31/12.01 10.15/16.96 15.21/38.40 29.32/43.37 Dividend per share3 (€) 0.35 0.65 1.10 Commerzbank, Frankfurt 2024 2025 2026 10 15 20 25 30 35 40 45 Mar SepMay NovJul JanSep MarNov MayJan JulMar SepMay NovJan Jul 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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1) GDP1 (change vs. previous year | %) 05 November 2026 39 Germany Eurozone 2022 2023 2024 2025 2026e 2027e 1.4 3.4 -0.3 0.4 -0.2 0.7 0.2 1.4 1.2 1.0 1.0 1.1 0.34 2022 3.40 2023 3.60 2024 2.10 2025 2.40 2026e 2.75 2027e Inflation1 (%) 2022 2023 2024 2025 2026e 2027e 6.9 8.4 5.9 5.4 2.2 2.4 2.2 2.1 2.7 2.9 2.9 2.8 3m-Euribor (avg. p.a. | %) ifo business climate index (index, 2015=100) Commerzbank, Frankfurt Latest development The German economy continued to grow in the third quarter. However, at 0.2%, the growth rate was a little bit ower than in the first half of the year. According to the Federal Statistical Office, consumption expenditure showed positive growth while investments declined. One reason for the somewhat slower growth in the summer is likely the Iran war and the resulting persistently high energy prices, which have finally taken their toll on the German economy. This was likely compounded by the prolonged drought and the resulting problems for inland waterway shipping and, consequently, for the industrial sector. The economic recovery has slowed the rise in unemployment. On balance, unemployment has barely risen since last summer, but at a seasonally adjusted level of just over 3 million, it is as high as it was 15 years ago. The number of people employed had been declining slightly until recently, although continued growth in employment in the public sector partially offset the decline in the private sector. The inflation rate fell to 2.8% in October, partly due to lower fuel prices as a consequence of the gasoline rebate. The core inflation rate, excluding the often highly volatile components energy prices and food prices, was 2.1%, lower as in the months before. Outlook for 2026/2027 The recent significant rise in sentiment indicators offers hope that the recovery of the German economy will continue in the fourth quarter and into next year. It is receiving a particular boost from expansionary fiscal policy. However, only a moderate increase in economic output is still expected. Higher energy prices are likely to continue to weigh on households and businesses. 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. Finally, numerous structural problems are holding back the German economy. Overall, we expect growth of 1.2% for 2026, which is likely to be followed by a slightly weaker increase of 1.0% next year. The inflation rate is expected to remain well above the ECB’s 2% target for the rest of the year. This is because energy prices are likely to fall only slowly. In June and September, the ECB raised its key interest rates by 25 basis points each time due to mounting inflation risks. A third rate hike, bringing the rate to 2.75%, is expected to follow in December. 2022 2023 2024 2025 2026 98.4 92.7 85.3 86.3 84.7 88.5 86.7 93.2 89.4 88.9 90.2 German economy continues to pick up steam
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Russia exposure 05 November 2026 40 Group exposure net of ECA and cash held at Commerzbank decreased to €42m Additionally, CB Eurasija holds domestic RUB deposits of equivalent ~€373m 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 ~€340m after deducting ~€200m negative currency translation reserve. Therefore, residual worst-case risk for CET1 ratio is -19bp 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 30 Jun 30 Sep Corporates 621 261 148 34 12 11 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 14 13 Pre-export finance 590 350 135 5 5 5 5 Total 1,866 744 344 82 43 43 42
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05 November 2026 41Commerzbank, Frankfurt 6.5 64.7 460.6 Q3 25 6.8 63.5 456.8 Q4 25 7.1 64.6 469.6 Q1 26 7.4 69.1 465.4 Q2 26 7.6 49.3 489.8 Q3 26 531.8 527.1 541.3 541.9 546.8 317 315 326 360 400 924 896 858 852 781 2,504 Q3 25 2,468 Q4 25 2,428 Q1 26 2,504 Q2 26 2,511 Q3 26 3,745 3,679 3,612 3,716 3,692 Stage 3 Stage 2 Stage 1 Overall risk provisions remain stable and reflect portfolio resilience 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) Coverage Stage 3 38.7% 36.3% 34.1% 33.9% 32.9% Stage 2 1.4% 1.4% 1.3% 1.2% 1.6% Stage 1 0.1% 0.1% 0.1% 0.1% 0.1% NPE ratio almost unchanged at 1.2% underpins portfolio quality Full write-off of highly-covered exposures in stage 3 resulted in lower coverage ratio – robust asset coverage maintained, supported by collateral In-model adjustments superseded collective staging for sectors with difficulties, shifting exposures from stage 2 back to stage 1. This results in lower stage 2 and higher stage 1 volumes and an increasing stage 2 coverage
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05 November 2026 42Commerzbank, Frankfurt Outstanding risk provision of €3.7bn includes €142m 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 adjustments In-model adjustments are applied to cover uncertainties partly stemming from US-tariffs and the conflict in the Middle East In-model adjustments for industry sectors that face structural difficulties (largest subsectors are oil field services, production of building materials and basic chemistry) superseded the application of collective staging for this risk Climate and environmental risk Application of collective staging for clients who are more exposed to climate and environmental risks Overlays for risk provisioning Outstanding overlays as of Q3 2026 (€m) 56 42 44 142 In-model adjustment (partly for Middle East crisis and US tariffs) In-model adjustment (sectors with structural difficulties) Collective staging (climate and environmental risks)
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4305 November 2026 Commerzbank, Frankfurt Group’s corporates portfolio well diversified 05 November 2026 23 22 17 17 14 13 13 12 19 Consumption Technology/ Media/Telecom Chem./Plastics/ Basic Resources Construction/ Metal Automotive Mechanical Engineering Energy/ Environment Transport/ Tourism/Services Others 88 42 41 72 40 37 20 41 66 38 19 25 43 28 29 16 36 35 EaD €148bn (Q2 26 145bn) EL €446m (Q2 26 498m) (38) (21) (26) (47) (30) (29) (39) (38) (42) RD 30bp (Q2 26 34bp) Overall performing portfolio (stage 1 and 2) Corporates portfolio of ~€148bn stands for 25% of overall Group exposure. While the portfolio size increases since last quarter, the expected loss decreases and therefore also the risk density improves by 4bp to 30bp. The portfolio development is closely monitored Details on selected sectors 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) 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 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 and 2026 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 RWA €51bn (Q2 26 50bn) EaD: Exposure at Default | EL: Expected Loss | RD: Risk density = EL/EaD | RWA = Risk Weighted Assets Corporates performing portfolio by sector Q3 26 9 7 5 6 5 4 4 4 7
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4405 November 2026 Commerzbank, Frankfurt 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 Portfolio Portfolio amounts to €60.8bn of which €0.3bn is non-performing exposure (0.6% of total portfolio). Increase mainly in ABS (+€0.3bn) and Leasing/Factory (+€0.1bn). Sound rating profile with a high share of 93% investment grade quality ABS: €10.4bn 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 (~81%); U.S. exposure (~12%) 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 investor positions include €1.3bn of AAA MM CLO exposure Strategy Maintain approach to NBFI and no significant changes in underwriting standards 0.0 19.3 ABS 0.0 11.3 Insurance 0.1 11.4 Corp. 0.13.2 Exch. / Clearing Houses Leasing / Factoring Reg. Funds Broker Dealer Hedge Funds 0.1 9.1 Others 19.4 11.3 11.5 3.4 3.0 1.5 1.1 0.5 9.2 Development of NBFI portfolio (€bn | EaD) NBFI sub-portfolios 09/26 (€bn | EaD) 0.2 56.9 06/25 0.2 55.9 12/25 0.2 58.9 03/26 0.2 60.3 06/26 0.3 60.4 09/26 57.1 56.1 59.1 60.5 60.8 Investment grade share (in %) 94% 94% 93% 93% 93% Performing NPE 1 2 3
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4505 November 2026 Commerzbank, Frankfurt 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 ▪ 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: 70% in S1 (68% 06/26), 27% in S2 (30% 06/26) and 2.4% in S3 (2.4% 06/26) ▪ Assets focused on most attractive A-cities. Over 99% of financed objects are located in Germany. Only a very limited number of clients would be affected by a potential expropriation scenario in Berlin. We are in close contact with these clients ▪ Offices and residential with the highest share of the portfolio (together €7.5bn performing portfolio) ▪ Average LTV for performing portfolio is 52% – largest asset class office with 54% LTV ▪ 60% of the portfolio are SPVs, thereof 27% with recourse to the sponsor ▪ Development risk with about 4.0% 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 developmentsGroup ex mBank (mBank CRE exposure €2.2bn) 0.2 5.6 A-cities B-cities C-cities 0.00.5 D-cities 0.01.9 Other Outside Germany 5.8 1.0 0.7 0.5 1.9 0.0 Portfolio development (€bn | EaD) 0.20.8 other 0.0 1.5 < 1 year 1-5 years 0.0 2.8 5-10 years 0.0 0.5 >10 years 1.0 1.5 4.0 2.8 0.5 0.0 4.0 Fixed interest period 09/26 (€bn | EaD) Top 5 asset classes 09/26 (€bn | EaD) Location 09/261 (€bn | EaD) Germany 2 0.3 9.4 09/25 0.3 9.3 12/25 0.3 9.5 03/26 0.2 9.6 06/26 9.7 9.6 9.8 9.8 09/26 9.8 0.2 9.6 Investment grade share (in %) 79% 81% 80% 79% 79% 0.2 Office 0.0 Residential 0.0 Retail 0.0 Logistics / Production 0.0 Hotels / Tourism 4.2 3.3 1.1 0.5 0.2 Performing NPE Investment grade share (in %) 71% 84% 91% 84% 88%
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05 November 2026 46Commerzbank, Frankfurt German residential mortgage business & property prices Mortgage volume slightly declined, risk quality stable Rating profile with a share of 94.2% in investment grade ratings (06/26: 93.4%); poor rating classes 4.x/5.x with 1.6% share only NPE ratio unchanged in Q3 26. NPE ratio remains at a low level of 0.5% thanks to a robust portfolio quality Residential properties (index values) Overall mortgage portfolio 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 09/26 98.195.1 102.0 102.9 100.5 100.2 99.9 New business volume at €1.6bn around 19% lower in Q3 26 compared to Q2 26 (€2.0bn) Repayment rates decreased slightly to 2.22% in Q3 26 from 2.33% in Q2 26 Portfolio guidelines and key risk metrics, including PD, LtCV and repayment rates, are continuously monitored and fulfilled Average loan-to-value ratio under the German mortgage lending value framework (BLA) was 83.9% in Q3 26 (80.7% in Q2 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 still 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 2028 Owner occupied housing Single family houses Condominiums Multi family houses
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Government bond positions 05 November 2026 Commerzbank, Frankfurt 47 47.514.9Fair value OCI 18.319.5Amortised cost 3.9 3.6 Held for trading 2.7 1.5 Mandatory fair value 62.4 37.8 7.6 4.3 Government Other Debt Securities Assets (€bn) Government Bonds by Segment (€bn) 9.03.82.1 13.0 0.53.1 0.7 0.8 14.9 19.5 3.6 1.5 6.5 CC mBank O&C 4.30.7 0.83.52.23.1 0.76.111.8 2.80.5 1.3 14.9 19.5 3.6 1.5 Poland Italy USA France Austria Germany Other Government Bonds by Country (€bn) Government Bonds Credit Spread Sensit. (€m to +1bp, incl. hedge) -6.3 -5.0 0.1 0.0 Book values as of 30.09.2026
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05 November 2026 48Commerzbank, Frankfurt Q3 25 Q4 25 Q2 26 Q3 26 7,411 5,856 4,291 3,977 1,822 5,589 1,456 4,400 1,246 3,045 1,249 2,728 -46% -7% Q3 25 Q4 25 Q2 26 Q3 26 30,735 32,359 34,190 34,641 +3,906 +451 CHF loan contracts in court number of pending cases 136 79 477 352 389 345 Q3 25 Q4 25 50 Q2 26 51 Q3 26 613 431 439 396 -35% -10% 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 repaid loans final verdict settlements active contracts 85,520 31,668 15,491 34,641 3,720 -96% of which 4% in court of which 73% in court excluding verdicts followed by settlements 23.6% 2015 5.0% 2022 1.6% 427 2023 0.5% 156 2024 0.1% 17 2025 0.03% 12 9M 26 2,541 1,887 1,045 371 228 4,498 1,312 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 Q3 26, PLN converted into EUR by end of quarter FX rates
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Sustainable finance is well on track 05 November 2026 Commerzbank, Frankfurt 49 Strategic goal: more than 10% sustainable new loan business Sustainable bonds €7.8bn In Q3 2026, we lead-managed 11 sustainable bonds in the total aggregate notional amount of ~7.8 bn EUR-equivalent. Over the first nine months of 2026, this amounts to a total of 68 lead-managed sustainable bonds Sustainable loan ratio 20.8% Share of sustainable new loan business last 12 months1 (October 2025 – September 2026) 2025 2026Green & Social Finance 60% Transition Finance 40% 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 ● In residential real estate, sustainable business (energy performance certificate of class C or better) influenced by competitive and declining market 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 Q1 Q2 Q3 Q4 Q1 Q2 Q3 15.6% 16.6% 17.0% 17.6% 20.1% 20.1% 20.8%
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05 November 2026 Commerzbank, Frankfurt 50 Development of Green Infrastructure Finance portfolio New York Hamburg Singapore 2020 2024 2025 Q3 26 (€bn | eop) 1.0 1.3 1.55.1 8.8 10.9 12.0 0.5 4.6 6.4 7.8 11.5 9.6 14.4 10.5 15.6 +144.6% Green Infrastructure Corporates EaD Project finance EaD Total financing commitments 44.9% 11.6% 23.8% 0.8% 18.9% Wind Onshore Wind Offshore Photovoltaic Other (i.e. Battery Storage) Green Infrastructure Corporates €15.6bn our markets CoC GIF1 hubs 64.5% 34.5% 1.0% €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. 48% of project finance portfolio in Germany 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 05 November 2026 51Commerzbank, Frankfurt ESG Risk Rating With the achieved score of 17.4, 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 30% 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 AA 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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05 November 2026 Commerzbank, Frankfurt 52 Commerzbank AG is a regular issuer of green bonds to finance and refinance green assets 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. Green Assets 4,833 1,002 3,831 500 750 750 500 750 40 Green Bonds 3,290 11NC10 NPS / Feb 2026 12NC7 Tier 2 / Jan 2026 12NC7 Tier 2 / Jun 2025 15NC5 NPS /Jun 2025 7NC6 NPS / Jan 2025 12.25NC7.25 Tier 2 / Nov 2024 Renewable Energy Green Buildings 502 603 Green Assets 1,105 600 5004 Green Bonds 1,100 5.5NC4.5 NPS / Sep 2023 5.25NC4.25 NPS / Jun 20224 Renewable Energy 1) The Green Funding Framework can be found here 2) Based on allocation reporting as of 06/2026 3) The Green Bond Framework can be found here 4) The bond was called with effect as of 14 September 2026 Green Funding Framework (2024)1 Green Asset Allocation Green Funding Framework (2024)2 (€m) Green Asset Allocation Green Bond Framework (2018)2,3 (€m)
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Comfortable liquidity position 05 November 2026 53Commerzbank, 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 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 141.7 140.5 140.5 141.2 136.5 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% Q3 2025 Q4 2025 Q1 2026 Q2 2026 8.0 Q3 2026 146.8147.8 146.1 148.3 150.2 135.6 3.1 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 1) NSFR as at the end of Q3 / 9M 2026 to be updated by mid November 2026 1
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05 November 2026 54 Capital markets: €13.6bn funding executed by end of Q3 Commerzbank, Frankfurt Original funding plan has already been fulfilled. Continuingissuance activities in positive market environment. 0.75 0.5 5.9 13.6 1.0 3.4 2.0 Pfandbriefe Non-preferred senior Preferred senior €2.25bn mortgage Pfandbrief with 6.75 and 10 years maturities €2bn public sector Pfandbrief with 3 and 5 years maturities €1bn mortgage Pfandbrief with 10 years maturity €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 €750m SNP bond 4NC3 Tier 2 €500m Tier 2 green bond 12NC7 Remaining volume consists of private placements mBank €750m SNP green bond 7NC6 €250m AT1 bond PerpNC-March 2032 1) Based on balance sheet figures Group funding structure1 Group issuance activities 9M 2026 and highlights (€bn | nominal values) 49% 41% 10% Covered bonds Senior Unsecured Subordinated debt ~€69.4bn AT 1 €750m AT1 bond PerpNC-April 2034
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2026 Funding Plan already fulfilled, opportunistic issuance to continue 05 November 2026 55Commerzbank, Frankfurt Well-balanced maturity profile 2026 2027 2028 2029 2030 2031 2.3 6.3 7.7 6.5 6.0 7.5 Covered bonds Senior unsecured Subordinated debt Issuance across all instruments 2022 2023 2024 2025 9M 2026 Plan 2026 8.2 10.1 13.0 13.5 13.6 ~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 05 November 2026 56Commerzbank, Frankfurt 72% 21% 4% 3% Up to €300k €300k to €1m €1m to €10m Over €10m €44.3bn 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 September 2026 Overview by property type Overview by size 59%29% 10% 2% Single family Flats Multiple family Others €44.3bn Cover pool details1 ▪ Total assets: €45.9bn o/w cover loans (mortgages): €44.3bn o/w further assets: €1.6bn ▪ Fixed rated assets: 98% ▪ Weighted avg. LTV ratio: 51% ▪ Outstanding Pfandbriefe: €30.7bn ▪ Fixed rated Pfandbriefe 83% ▪ Cover surplus: €15.3bn (50% nom.) ▪ Moody’s rating: Aaa
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Cover pool details1 ▪ Total assets: €25.9bn o/w municipal loans : €17.3bn o/w export finance loans : €3.7bn ▪ Fixed rated assets: 79% ▪ Outstanding Pfandbriefe: €19.1bn ▪ Fixed rated Pfandbriefe: 42% ▪ Cover surplus: €6.8bn (36% nom.) ▪ Moody’s rating: Aaa 05 November 2026 57 Public Sector Pfandbrief cover pool Commerzbank, Frankfurt €25.9bn 1) Commerzbank disclosures according to §28 Pfandbriefgesetz 30 September 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) 82% 3% 2% 2% 2% 1% 8% Germany Poland Switzerland Austria Italy U.K. Other 94% 4% 1% 1% EUR USD GBP CHF€25.9bn
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Comfortable fulfilment of RWA and LRE MREL requirements 05 November 2026 58Commerzbank, Frankfurt 09/2026 figures to be updated by mid November 2026 1) In May 2026, Commerzbank AG received its current MREL requirement calibrated based on data as of 31 December 2024. 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 Based on data as of 30 June 2026, Commerzbank fulfils its current MREL RWA requirement for resolution group A1 of 27.9% RWA with an MREL ratio of 35.3% RWA and the MREL subordination requirement of 21.1% RWA with a ratio of 31.0% RWA, both requirements include the combined buffer requirement (CBR). Both, the MREL LRE ratio of 9.0% and MREL subordination LRE ratio of 7.9% comfortably meet the requirement of 6.4% and 5.7% respectively. The issuance strategy is consistent with all RWA and LRE based MREL requirements. MREL RWA ratio (%) MREL LRE ratio (%) 06/2026 Preferred senior unsecured >1 year Non-preferred senior >1 year3 Own funds instruments2 MREL requirement 6.38% LRE MREL subordination requirement 5.73% LRE 9.0 1.1 2.3 5.6 06/2026 Preferred senior unsecured >1 year Non-preferred senior >1 year3 Own funds instruments2 M-MDA level 27.90% RWA M-MDA subordination level 21.12% RWA 35.3 4.4 8.9 22.1
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05 November 2026 59 1 370bp distance to MDA based on a lower Q3 2026 CET1 ratio of 14.18% and a higher MDA MDA requirement rose from 10.29% in Q2 to 10.48% in Q3, mainly due to Poland’s CCyB increase (+19bp) For 2027, a lower pillar 2 requirement (P2R) is expected to partly offset this increase by -3bp AT1 layer will continue to be managed in line with the Bank’s capital structure targets Tier 2 layer will continue to be steered above 2.54% Commerzbank’s MDA Commerzbank, Frankfurt 1 1) Based on RWAs of €180.3bn as of Q3 2026. AT1 requirement of 1.903% and Tier 2 requirement of 2.538% Distance to MDA (%) Q3 2026 CET1 ratio 0.06 Q3 2026 MDA P2R CCB O-SII CCyB sSyRB 10.48 14.18 4.50 1.21 2.50 1.25 0.96 370bp
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Rating overview Commerzbank 05 November 2026 60Commerzbank, 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) Last rating eventsAs of 05 November 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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05 November 2026 61 (€bn | quarterly average) In CC loan volume growth +3%. Deposit volumes slightly increased in term/call 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) 28 56 29 58 125 172 125 169 PSBC Germany mBank 153 228 154 226 122 103 125 104 Performing loan volume Deposit volume Q2 26 Q3 26 Q2 26 Q3 26 Commerzbank, Frankfurt Loan and deposit development Corporate Clients Private and Small-Business Customers
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05 November 2026 62 Cumulated OCI effect1 Pension obligations (gross) Discount rate in %2 In Q3 26 market swap rates and to a lesser extent also market credit spreads went up, driving the IAS19 discount rate to 5.1% versus 4.6% at the beginning of the year. Thus, the present-valued pension obligations (IFRS DBO) went down, producing a YtD liability gain in OCI Through the LDI strategy, pension assets correspondingly produced a YtD asset loss on the same market movement, somewhat reduced by YtD asset gains on the equity positions in the growth strategy In total, pension obligations and pension assets produced a net OCI gain of YtD €73m (after tax) on Group level The discount rate is derived from a basket of AA-rated EUR government 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 123% across all Group plans 4.3 -740 -666 -636 -517 -546 -451 -444 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 -6,178 -6,165 -6,164 -5,960 -5,868 -6,003 -5,616 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) 5.1
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FX impact on CET1 ratio 05 November 2026 63Commerzbank, Frankfurt Slight impact on CET1 ratio1 since effect from decreasing currency translation reserve is only partly offset by lower FX driven credit risk RWA Lower credit risk RWA from FX effects mainly due to weaker PLN (-€354m) Variation in currency translation reserve mainly due to decrease from PLN (-€65m) FX rates3 06/26 09/26 EUR / GBP 0.862 0.855 EUR / PLN 4.296 4.369 EUR / USD 1.139 1.136 1) Based on current CET1 ratio 2) Change in credit risk RWA solely based on FX not on possible volume effects since 06/26 3) FX rates of main currencies only QoQ change in FX capital position Credit risk RWA2 ( QoQ | €m) Currency translation reserve ( QoQ | €m) 4.8 89.0 Credit RWA (Q3 2026 €bn) 144.0 6.2 21.2 22.8 Other GBP PLN USD EUR 78 -354 -24 40 -260 -19 -65 8 9 -67 3 -1 RWA impact 2 -4 -1 1 -4 CET1 ratio impact1 ( QoQ | bp) Capital impact
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05 November 2026 Commerzbank, Frankfurt 64 Group equity composition 1) Equity reduced by payout accrual, accrual for potential (fully discretionary) AT1 coupons and effects from AT1 buybacks and redemptions Capital | €bn Q2 2026 EoP Q3 2026 EoP Q3 2026 Average P&L | €m Q2 2026 Q3 2026 Ratios Q3 2026 Equity 35.4 35.9 Equity attributable to Commerzbank shareholders 30.3 30.3 Subscribed capital 1.08 1.07 Capital reserve 10.20 10.25 Retained earnings 19.28 19.79 t/o consolidated P&L 1.810 2.669 Other reserves (with recycling) -0.31 -0.82 Currency translation reserve -0.31 -0.38 Revaluation reserve 0.01 -0.44 Cash flow hedges -0.00 -0.01 Additional equity components 3.5 3.9 Non-controlling interests 1.7 1.7 Consolidated P&L 898 859 ./. Accrual for pay-out, potential AT1 coupons and effects from AT1 buybacks and redemptions -1.8 -2.4 accrual for potential AT1 coupon distribution current year 59 61 Equity attributable to Commerzbank shareholders 1 28.4 27.9 28.2 Consolidated P&L adjusted for RoE/RoTE 839 798 → Net RoE 11.3% ./. Goodwill and other intangible assets (net of tax) attributable to Commerzbank shareholders -1.5 -1.5 -1.5 Tangible equity attributable to Commerzbank shareholders 1 27.0 26.4 26.7 Consolidated P&L adjusted for RoE/RoTE 839 798 → Net RoTE 11.9% Tangible equity 1 32.0 31.8 31.8 Operating Result 1,367 1,312 → Op. RoTE 16.5% ./. Instruments that are given recognition in AT1 Capital -3.5 -3.9 ./. Regulatory adjustments -2.3 -2.4 Common equity tier 1 capital 1 26.2 25.6 25.9 Operating Result 1,367 1,312 → Op. RoCET 20.3%
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Q3 2026 05 November 2026 Commerzbank, Frankfurt 65 €m Q1 2025 Total underlying revenues Exceptional items 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) (%) 9M 2025 Q2 2026 Commerzbank Group 3,124 -52 2,940 3,132 12,283 3,200 -2 9 -112 19 3,072 2,939 3,141 12,171 3,219 2,071 2,044 2,049 8,226 2,047 1,012 985 1,029 4,029 1,102 14 -35 74 14 33 -24 -55 -11 -98 36 2 1 11 29 4 71 42 47 200 -12 24 19 14 125 65 12 -2 1 14 - 0 -132 -115 -83 -466 -21 -123 -215 -207 -722 -142 1,618 1,624 1,809 6,666 1,594 104 53 59 274 125 1,227 1,047 1,067 4,509 1,358 40 20 9 562 1 573,624 592,906 590,052 590,052 603,245 24,644 24,894 26,091 26,091 26,231 56.1% 57.1% 59.4% 57.0% 53.4% 18.7% 16.3% 16.5% 17.4% 20.9% 14.9% 13.0% 13.4% 13.9% 17.1% 10.6% 7.4% 9.6% 8.3% 12.1% 11.1% 7.8% 10.1% 8.7% 12.7% 913 1,187 1,027 1,059 3,947 1,357 306 375 259 1,089 373 46 61 63 234 71 26,293 25,669 25,883 25,982 25,986 141,737 142,158 141,210 141,210 144,881 7,888 7,934 8,469 8,469 8,602 834 591 737 2,625 174,269 174,986 175,769 175,769 179,714 52.7% 55.3% 57.6% 54.8% 49.5% 9,151 3,307 3,211 -121 -8 -12 9,030 3,299 3,199 6,177 2,059 2,115 3,000 1,076 1,072 -60 54 41 -87 110 -29 18 23 13 154 16 8 111 34 11 13 3 1 -383 34 -63 -515 -202 -210 4,858 1,673 1,638 215 57 40 3,442 1,367 1,312 553 - 0 - 0 2,889 1,367 1,312 830 388 373 171 81 80 1,888 898 859 592,906 619,060 612,517 26,002 26,135 25,892 142,158 147,293 143,951 7,934 8,922 10,098 24,894 26,231 26,231 174,986 182,446 180,280 53.8% 50.7% 51.2% 56.2% 52.4% 52.4% 17.7% 20.9% 20.3% 14.1% 17.2% 16.5% 7.9% 11.9% 11.3% 8.2% 12.5% 11.9% 9M 2026 9,719 -2 9,717 6,222 3,250 128 117 40 12 110 3 -50 -554 4,904 222 4,037 1 4,036 1,135 232 2,669 612,517 25,983 143,951 10,098 26,231 180,280 50.5% 52.8% 20.7% 16.9% 11.7% 12.4% Q2 2025 3,087 -67 3,019 2,062 1,004 -38 -8 15 41 69 3 -136 -176 1,616 58 1,169 493 676 150 64 462 581,777 26,021 142,858 8,622 24,644 176,124 53.5% 55.4% 18.0% 14.4% 5.5% 5.8%
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Q1 2026 Corporate Clients 05 November 2026 66 €m Q1 2025 Total underlying revenues 1,240 Exceptional items -6 Q3 2025 Q4 2025 FY 2025 1,204 1,264 4,882 1,249 -1 -3 -15 4 Total revenues 1,234 1,203 1,261 4,867 1,253 o/w Net interest income 596 637 653 2,502 639 o/w Net commission income 350 353 363 1,420 377 o/w Net fair value result 257 189 221 831 206 o/w Other income 31 24 23 114 31 o/w Dividend income - 0 - 0 1 4 - 0 o/w Net income from hedge accounting 18 14 21 73 4 o/w Other financial result 18 3 1 35 30 o/w At equity result - 0 - 0 - 0 3 - 0 o/w Other net income -6 7 -1 -1 -2 Risk result -77 -112 -133 -422 -106 Operating expenses 553 560 602 2,291 580 567 Cost income ratio (incl. compulsory contributions) (%) 44.9% 46.5% 47.7% 47.1% 46.3% Operating return on CET1 (RoCET) (%) 19.1% 16.9% 16.8% 17.0% 18.0% - 0 94,467 Compulsory contributions - 0 - 0 - 0 1 Total Assets 253,117 274,609 277,192 277,192 283,939 Total Liabilities 233,582 238,131 231,072 231,072 241,199 Average capital employed 12,648 12,580 12,504 12,655 12,596 RWA credit risk (end of period) 80,891 79,186 78,710 78,710 80,890 RWA market risk (end of period) 6,117 5,472 5,859 5,859 6,328 RWA operational risk (end of period) 8,520 7,272 7,282 7,282 7,248 Operating return on tangible equity (%) 18.3% 16.0% 16.0% 16.2% 17.1% Operating result 603 531 526 2,154 RWA (end of period) 95,528 91,931 91,851 91,851 Cost income ratio (excl. compulsory contributions) (%) 44.8% 46.5% 47.7% 47.1% 46.3% 9M 2025 3,619 -13 3,606 1,848 1,057 610 91 2 52 33 3 - 0 -289 1,689 1 1,628 274,609 238,131 12,691 79,186 5,472 7,272 91,931 46.8% 46.8% 17.1% 16.3% Q2 2026 Q3 2026 1,245 1,279 -12 -15 1,233 1,264 660 664 376 358 168 224 29 18 2 - 0 12 13 8 6 4 - 0 3 -1 -149 -140 592 585 - 0 - 0 491 539 300,719 301,258 249,706 244,892 12,801 12,712 79,784 79,019 6,527 7,799 7,515 7,583 93,826 94,401 48.0% 46.3% 48.0% 46.2% 15.4% 17.0% 14.7% 16.3% Commerzbank, Frankfurt 9M 2026 3,772 -23 3,749 1,964 1,110 597 78 2 29 44 4 - 0 -395 1,756 - 0 1,597 301,258 244,892 12,702 79,019 7,799 7,583 94,401 46.8% 46.8% 16.8% 16.0% Q2 2025 1,175 -6 1,169 615 355 163 36 2 20 13 3 -1 -99 576 - 0 494 262,259 232,978 12,883 80,685 5,756 7,177 93,617 49.2% 49.3% 15.3% 14.5%
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€m Q1 2025 Total underlying revenues 1,707 Exceptional items 1 Q3 2025 Q4 2025 FY 2025 Q1 2026 1,708 1,793 6,919 1,944 - 0 14 15 1 Total revenues 1,708 1,709 1,806 6,933 1,945 o/w Net interest income 1,202 1,157 1,170 4,710 1,178 o/w Net commission income 670 638 673 2,638 734 o/w Net fair value result -32 6 16 -33 37 o/w Other income -132 -93 -53 -381 -3 o/w Dividend income 3 2 4 23 3 o/w Net income from hedge accounting 2 7 -6 5 13 o/w Other financial result -2 -5 17 11 -5 o/w At equity result 12 -2 1 11 - 0 o/w Other net income -146 -95 -70 -431 -16 Risk result -43 -96 -74 -292 -45 Operating expenses 928 991 1,108 4,044 988 787 Cost income ratio (incl. compulsory contributions) (%) 60.4% 61.1% 64.6% 62.3% 57.2% Operating return on CET1 (RoCET) (%) 31.3% 26.3% 25.7% 27.4% 34.8% 125 67,804 Compulsory contributions 104 53 58 273 Total Assets 185,936 188,223 193,211 193,211 194,717 Total Liabilities 240,584 252,407 258,437 258,437 252,933 Average capital employed 8,070 8,667 8,787 8,470 9,052 RWA credit risk (end of period) 46,755 49,392 49,904 49,904 51,701 RWA market risk (end of period) 975 948 991 991 991 RWA operational risk (end of period) 14,386 14,461 15,017 15,017 15,113 Operating return on tangible equity (%) 31.1% 25.4% 25.3% 26.9% 34.3% Provisions for legal risks of FX loans of mBank -158 -107 -90 -483 -17 05 November 2026 Commerzbank, Frankfurt 67 Operating result 632 569 565 2,324 RWA (end of period) 62,117 64,801 65,912 65,912 Operating result ex legal provisions on FX loans 791 676 655 2,806 804 Cost income ratio (excl. compulsory contributions) (%) 54.3% 58.0% 61.4% 58.3% 50.8% 9M 2025 Q2 2026 Q3 2026 5,126 1,933 1,941 1 -1 - 0 5,127 1,932 1,942 3,539 1,183 1,227 1,965 708 712 -49 30 19 -329 11 -16 19 22 16 10 -2 12 -6 -18 -1 10 -1 1 -362 10 -44 -218 -73 -69 2,936 999 981 215 57 40 1,758 803 852 188,223 197,289 196,654 252,407 254,363 249,206 8,372 9,287 9,278 49,392 53,530 51,488 948 1,136 1,093 14,461 15,038 15,292 64,801 69,704 67,873 57.3% 51.7% 50.5% 61.5% 54.7% 52.6% 28.0% 34.6% 36.7% 27.4% 34.1% 36.0% -393 -29 -18 2,151 832 869 Private and Small-Business Customers 9M 2026 5,818 - 0 5,819 3,587 2,154 86 -9 41 24 -23 - 0 -50 -188 2,968 222 2,441 196,654 249,206 9,190 51,488 1,093 15,292 67,873 51.0% 54.8% 35.4% 34.8% -64 2,505 Q2 2025 1,710 - 0 1,710 1,180 657 -23 -104 14 1 1 - 0 -121 -79 1,017 58 557 187,064 244,080 8,440 48,495 1,063 14,200 63,758 59.5% 62.8% 26.4% 25.6% -128 685
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Total underlying revenues 1,172 Exceptional items - 0 1,102 1,190 4,590 1,263 - 0 14 14 - 0 Total revenues 1,172 1,102 1,205 4,604 1,263 o/w Net interest income 601 592 628 2,414 657 o/w Net commission income 546 499 541 2,102 594 o/w Net fair value result -2 - 0 1 2 4 o/w Other income 28 12 35 87 8 o/w Dividend income 3 2 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 -2 1 11 - 0 o/w Other net income 13 12 19 44 4 Risk result -4 -48 -14 -116 -22 Operating expenses 732 777 874 3,194 779 458 Cost income ratio (incl. compulsory contributions) (%) Operating return on CET1 (RoCET) (%) 40.2% 24.0% 26.9% 28.4% 39.1% 4 34,410 Compulsory contributions 7 2 4 21 Total Assets 127,403 127,105 127,021 127,021 127,165 Total Liabilities 182,623 192,185 193,260 193,260 186,371 Average capital employed 4,267 4,573 4,647 4,480 4,686 RWA credit risk (end of period) 24,631 25,778 26,011 26,011 26,068 RWA market risk (end of period) 509 567 514 514 468 RWA operational risk (end of period) 8,052 7,954 8,008 8,008 7,875 05 November 2026 68 €m Q1 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Operating result 429 275 313 1,274 RWA (end of period) 33,191 34,298 34,533 34,533 Operating return on tangible equity (%) 40.7% 23.3% 26.6% 28.1% 38.8% Cost income ratio (excl. compulsory contributions) (%) 9M 2025 Q2 2026 Q3 2026 3,399 1,260 1,241 - 0 - 0 - 0 3,400 1,260 1,241 1,786 650 664 1,561 571 570 1 -7 -8 52 45 14 17 10 16 - 0 - 0 - 0 - 0 - 0 - 0 10 -1 1 25 37 -2 -102 -43 -9 2,320 775 760 17 4 -13 961 438 485 127,105 126,428 126,604 192,185 184,615 180,581 4,429 4,660 4,526 25,778 26,043 24,199 567 494 482 7,954 7,828 8,076 34,298 34,365 32,757 61.2% 60.2% 28.9% 37.6% 42.9% 28.6% 37.4% 42.4% PSBC Germany | Part of segment Private and Small-Business Customers Commerzbank, Frankfurt 9M 2026 3,764 - 0 3,764 1,971 1,736 -10 67 29 - 0 - 0 - 0 39 -74 2,314 -4 1,381 126,604 180,581 4,620 24,199 482 8,076 32,757 61.5% 61.4% 39.9% 39.5% Q2 2025 1,125 - 0 1,125 593 517 3 12 13 - 0 - 0 - 0 - 0 -50 810 7 257 126,905 184,499 4,482 24,972 595 7,893 33,460 23.0% 22.4% 62.5% 72.0% 70.6% 68.2% 72.5% 69.4% 61.7% 61.5% 63.1% 72.7% 70.7% 68.7% 72.9% 69.8% 62.0% 61.8%
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€m Q1 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Total underlying revenues 535 606 602 2,329 681 Exceptional items 1 - 0 -1 - 0 1 Total revenues 536 607 602 2,329 682 o/w Net interest income 600 566 543 2,296 521 o/w Net commission income 125 139 132 536 139 o/w Net fair value result -29 6 15 -35 33 o/w Other income -160 -104 -88 -468 -11 o/w Dividend income - 0 - 0 - 0 2 - 0 o/w Net income from hedge accounting 2 7 -6 5 13 o/w Other financial result -2 -5 7 1 -5 o/w Other net income -159 -106 -89 -475 -20 Risk result -39 -48 -61 -176 -23 Operating expenses 196 213 234 850 209 Compulsory contributions 120 Operating result 329 Total Assets 58,532 61,118 66,190 66,190 67,552 Total Liabilities 57,960 60,222 65,177 65,177 66,562 Average capital employed 3,803 4,095 4,139 3,990 4,366 RWA credit risk (end of period) 22,125 23,614 23,892 23,892 25,633 RWA market risk (end of period) 466 381 477 477 523 7,238 Cost income ratio (incl. compulsory contributions) (%) 54.6% 43.6% 48.0% 47.3% 48.3% Operating return on CET1 (RoCET) (%) 21.4% 28.7% 24.4% 26.3% 30.2% mBank | Part of segment Private and Small-Business Customers 05 November 2026 Commerzbank, Frankfurt 69 97 51 54 252 RWA operational risk (end of period) 6,335 6,507 7,009 7,009 Operating return on tangible equity (%) 20.7% 27.8% 23.7% 25.5% 29.5% 204 294 252 1,050 RWA (end of period) 28,926 30,502 31,379 31,379 33,394 Cost income ratio (excl. compulsory contributions) (%) 36.5% 35.2% 39.0% 36.5% 30.6% 9M 2025 Q2 2026 Q3 2026 1,727 673 701 1 -1 - 0 1,727 672 701 1,753 533 562 404 137 142 -50 37 27 -380 -35 -30 2 13 - 0 10 -2 12 -6 -18 -1 -386 -28 -42 -116 -30 -61 616 225 221 198 52 53 798 365 366 61,118 70,861 70,050 60,222 69,749 68,625 3,943 4,627 4,751 23,614 27,487 27,289 381 642 611 6,507 7,210 7,216 30,502 35,339 35,116 35.7% 33.4% 31.5% 47.1% 41.2% 39.1% 27.0% 31.5% 30.8% 26.1% 30.8% 30.0% 9M 2026 2,054 - 0 2,054 1,616 418 96 -76 13 24 -23 -89 -114 654 226 1,060 70,050 68,625 4,570 27,289 611 7,216 35,116 31.8% 42.8% 30.9% 30.2% Q2 2025 585 - 0 585 587 140 -26 -116 2 1 1 -121 -28 207 50 300 60,159 59,582 3,958 23,524 469 6,307 30,299 35.3% 43.9% 30.3% 29.3%
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€m 05 November 2026 70 Q1 2025 Total underlying revenues 177 Exceptional items Q3 2025 Q4 2025 FY 2025 Q1 2026 28 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 -1 -1 -111 13 130 27 74 371 21 273 250 225 1,015 230 -8 -6 -7 -29 -8 -212 -231 -163 -785 -209 78 13 19 170 8 -1 5 2 1 50 21 31 122 -29 8 21 -5 80 39 - 0 - 0 - 0 - 0 - 0 20 -28 -12 -34 -3 -3 -7 1 -8 9 137 73 98 332 26 - 0 - 0 - 0 - 0 - 0 -9 -53 -24 32 4 -49 -73 -32 -530 3 40 20 9 562 1 134,572 130,074 119,649 119,649 124,590 109,113 5,575 4,422 4,593 4,857 4,338 12,290 796 1,513 1,619 1,619 1,284 1,738 3,161 3,792 3,792 3,869 16,624 18,255 18,007 18,007 17,443 99,458 102,368 100,543 100,543 14,091 13,580 12,596 12,596 -1 Commerzbank, Frankfurt 9M 2025 Q2 2026 Q3 2026 406 130 -9 -109 5 3 297 134 -6 789 216 224 -22 -8 2 -621 -144 -202 151 71 -31 -3 -1 -3 91 7 -17 85 44 6 - 0 - 0 - 0 -22 21 -18 -8 20 - 0 233 82 72 - 0 - 0 - 0 56 73 -79 553 - 0 - 0 -498 73 -79 130,074 121,051 114,605 102,368 114,991 118,420 4,940 4,047 3,902 13,580 13,979 13,445 1,513 1,259 1,205 3,161 3,678 3,355 18,255 18,916 18,005 Others & Consolidation 9M 2026 128 21 149 670 -14 -555 48 -3 -40 90 - 0 - 0 30 180 - 0 -2 1 -3 114,605 118,420 4,091 13,445 1,205 3,355 18,005 Q2 2025 202 -62 140 267 -8 -179 60 -1 20 55 - 0 -14 1 23 - 0 118 493 -375 132,454 104,718 4,698 13,678 1,803 3,268 18,749
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05 November 2026 Commerzbank, Frankfurt 71 Exceptional Revenue Items Commerzbank Group €m Q1 2025 Q2 2025 Q3 2025 9M 2025 Q4 2025 FY 2025 Q1 2026 Q2 2026 Q3 2026 9M 2026 Exceptional Revenue Items -52 -67 -2 -121 9 -112 19 -8 -12 -2 Net fair value result -52 -67 -2 -121 -5 -126 19 -8 -12 -2 o/w Hedging & valuation adjustments¹ -52 -67 -2 -121 -5 -126 19 -8 -12 -2 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 -1 - - Net fair value result 1 - - 1 -1 - 1 -1 - - o/w Hedging & valuation adjustments¹ 1 - - 1 -1 - 1 -1 - - CC -6 -6 -1 -13 -3 -15 4 -12 -15 -23 Net fair value result -6 -6 -1 -13 -3 -15 4 -12 -15 -23 o/w Hedging & valuation adjustments¹ -6 -6 -1 -13 -3 -15 4 -12 -15 -23 O&C -46 -62 -1 -109 -1 -111 13 5 3 21 Net fair value result -46 -62 -1 -109 -1 -111 13 5 3 21 o/w Hedging & valuation adjustments¹ -46 -62 -1 -109 -1 -111 13 5 3 21 ¹ FVA, CVA / DVA; in O&C incl AT1 FX effect
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05 November 2026 30 September 2026 (30 June 2026) (€bn) 62 (59) 62 (67) 85 (91) 43 (44) 8 (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 613 (619) 21 (21) 3 (3) 5 (6) 36 (35) Liabilities FL Amortised Cost FL Fair Value Option FL Held for Trading Provisions Tax/Other liabilities Equity incl. AT1 613 (619) 305 (301) 38 (37) 10 (11) Loans and advances Debt Securities Repos, Other 350 (353) 44 (47) 77 (73) 17 (17) 52 (55) 7 (9) Deposits MM Debt Securities Issued Other financial liabilities Repos/Other Debt Securities 488 (490)352 (349) 59 (63) Commerzbank, Frankfurt Balance sheet 72 As of 30 September 2026, the main other currencies on assets beside EUR are USD (16%), PLN (9%), GBP (3%), JPY (1%)
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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 €34.2bn, mBank €33.9bn, CC €94.1bn) 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 Glossary – Key ratios 05 November 2026 73Commerzbank, Frankfurt 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 05 November 2026 74 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 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, amongst 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 holds 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 to improve its business model, the reliability of its risk management policies, procedures and methods, risks arising as a result of regulatory change and other risks. 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 05 November 2026 75Commerzbank, Frankfurt