merzbank AG(CRZBY) - 2021 Q3 - Earnings Call Presentation

Financial Performance and Results - Commerzbank reported revenues of €6.4 billion (or specifically €6.36 billion) for the first 9 months, which is 3.3% above the previous year[4] - Operating result reached €1 billion (or specifically €1,042 million) and net result stood at €9 million for the first 9 months[4] - Costs were maintained at €5.1 billion (or specifically €4,658 million operating expenses), remaining in line with the full-year target of €6.5 billion excluding the €200 million write-off in Q2[4, 34] - Risk result improved significantly to €257 million (or specifically €-257 million) for the first 9 months, leading to an improved full-year guidance of less than €700 million[4] Capital Structure and Transformation - Common Equity Tier 1 (CET1) ratio remained strong and better than planned at 13.5%[4] - Transformation is well on track with over 50% of the gross reduction of approximately 10,000 FTEs already ensured in a socially responsible way[16] - Green mortgages in the Private and Small Business Customers segment reached €1.2 billion in Q3, accounting for more than a quarter of new mortgages[9]