Unaffected by the sub-prime crisis on the US mortgage market, Klaus-Peter Müller, Commerzbank’s Chairman of the Board, confirmed at the bank’s Investors’ Day in Frankfurt yesterday that the clean net RoE will remain above 12 per cent by year end. Mr Müller said: "Costs are under control and we are enjoying dynamic growth. Charges which may be necessary due to the sub-prime crisis will from today’s point of view not have any material impact on this. Our revenues are on the up and are going to stay that way." With returns at a high level and a comfortable equity base he could see the bank’s options not only increasing dividends but also buying back shares. An optimistic view of the future is based on the sustainable quality of the group’s result and the positive development of the core segments. Moreover the expected €550 million in provisioning in credit business is less than previously predicted. Achim Kassow, director for Private and Business Customers added: "by 2010 we will have doubled our operating return on equity up to more than 23 per cent compared to 2006." The bank has added 250,000 new clients and aims to increase this by a further 800,000 clients by 2009. Assets under management rose by almost 13 per cent to €62 billion year-on-year.