Five-year overview

Income statement (€ m) 2008 2007 2006 2005 2004
Net interest income 4,729 4,007 3,937 3,167 3,013
Provision for possible loan losses – 1,855 – 479 – 878 – 521 – 836
Net commission income 2,846 3,150 2,927 2,415 2,250
Trading profit 1 – 450 879 1,111 685 545
Net investment income – 665 126 770 647 339
Other result – 27 196 – 14 26 193
Operating expenses 4,956 5,366 5,204 4,662 4,493
Operating profit – 378 2,513 2,649 1,757 1,011
Regular amortization of goodwill – – – – 83
Restructuring expenses 25 8 253 37 132
Expenses arising from special factors – – – – –
Pre-tax profit – 403 2,505 2,396 1,720 796
Taxes on income – 465 580 595 427 353
Profit / loss attributable to minority interests – 59 – 8 – 197 – 106 – 81
Consolidated surplus 2 3 1,917 1,604 1,187 362
           
Key figures          
Earnings per share (€) 0.00 2.92 2.44 1.97 0.61
Dividend total (€ m) – 657 493 328 150
Dividend per share (€) – 1.00 0.75 0.50 0.25
Operating return on equity (%) – 2.6 18.7 21.8 17.2 9.9
Return on equity of consolidated surplus 2 (%) 0.0 15.4 14.2 12.8 4.0
Operating cost / income ratio (%) 77.0 64.2 59.6 67.2 70.9
           
Balance sheet (€ bn) 31.12.2008 31.12.2007 31.12.2006 31.12.2005 31.12.2004
Balance-sheet total 625.2 616.5 608.3 444.9 424.9
Total lending 313.7 316.6 316.4 164.6 160.5
Liabilities 464.5 490.0 495.8 329.7 307.7
Equity 3 19.9 16.1 15.3 13.5 11.0
           
Capital ratios (%)          
Core capital ratio 10.1 6.9 6.7 8.0 7.5
Own funds ratio 13.9 10.8 11.1 12.5 12.6
           
Long / short-term rating          
Moody’s Investors Service, New York Aa3 / P-1 Aa3 / P-1 A2 / P-1 A2 / P-1 A2 / P-1
Standard & Poor’s, New York A / A-1 A / A-1 A- / A-2 A- / A-2 A- / A-2
Fitch Ratings, London A / F1 A / F1 A / F1 A- / F2 A- / F2
1 Including net result on hedge accounting.
2 Insofar as attributable to Commerzbank shareholders.
3 Including minority interests.

Please see our note to the online annual report.