You are here: Management report Outlook and opportunity report Expected financial situation and assets

Quickfinder

Expected financial situation and assets

We are continuing to pursue our Treasury strategy (see Financial situation and assets of the comdirect group). The liquidity situation of the comdirect group will remain dominated in the future by customer deposits and the reinvestment of those funds. The reinvestment of customer funds will be carried out primarily within the Commerzbank Group, in particular via promissory notes. For investments outside the Commerzbank Group, investments in Pfandbriefe will be significantly overweighted. As a result of maturities, we intend to reduce our PIIGS exposure by a further €50m to around €20m by the end of the first quarter of 2012.

For 2012, we are planning to invest in the IT infrastructure and architecture, including the website. The investment volume is likely to moderately exceed the figure in the reporting year. There are no material financial obligations under current investment projects.