Commerzbank AG
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Bettina Orlopp
- Full Time Employees
- 40,812
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- Kaiserplatz Frankfurt am Main HE Germany 60311
- IPO Date
- Nov 18, 1996
- Website
- commerzbank.de
- Similar Companies
- Business
- Commerzbank AG operates as a leading German universal bank, providing a comprehensive range of retail, corporate, and investment banking services primarily to private customers, small businesses, and mid-sized enterprises in Germany, with significant international exposure through corporate clients and subsidiaries like mBank in Poland. The bank offers deposit accounts including free checking accounts, loans, mortgages, payment transactions, securities trading, investment products, wealth management, and advisory services via online platforms, mobile apps, branches, and advisory centers under brands Commerzbank and comdirect; for corporate clients, it delivers specialized financing such as trade finance covering one-third of German foreign trade, cash management, capital markets solutions including foreign exchange, interest rate hedging, commodities, bonds issuance, transaction banking, and risk management, alongside real estate loans in partnership with KfW. Headquartered in the Commerzbank Tower in Frankfurt am Main since relocating its registered office there in 1990, the bank traces its origins to 1870 as Commerz- und Disconto-Bank in Hamburg and maintains around 400 branches across Germany plus 15 operational foreign branches and 27 representative offices in over 40 countries including New York, Singapore, London, and Asia-Pacific hubs. In recent developments, Commerzbank upgraded its Momentum strategy through 2028 in February 2025, targeting accelerated profitable growth in asset and wealth management via acquisitions like Aquila Capital for ESG-focused real assets, expansion in corporate clients with higher RWA efficiency particularly in the US and Asia, strengthened digital channels, and a long-term partnership with Visa for payment cards and innovations; it reported record 2024 results with plans for 3,900 job cuts by 2028 mostly in Germany, faced UniCredit increasing its stake to over 26% prompting takeover defenses, and provided acquisition financing for DEUTZ AG's purchase of SOBEK Group in the defense sector. Commerzbank serves as Germany's second-largest retail bank with about 20,000 full-time employees domestically, focuses on Mittelstand financing and German connectivity for international firms in selected industries, and emphasizes sustainability through green bonds, fossil fuel policies, and Science Based Targets Initiative alignment.
German government not stopping UniCredit's takeover of Commerzbank, Merz says
'Potential for chaos', German union warns on Commerzbank and UniCredit
Commerzbank workers say we don't want or need UniCredit
UniCredit closes in on Commerzbank as battle enters endgame
Commerzbank calls UniCredit offer unattractive
UniCredit Says It Controls Nearly Half of Commerzbank Following Takeover Push
UniCredit secures 17.6% of Commerzbank
Commerzbank asks investors to reject UniCredit bid
Commerzbank institutional investors tender just over 1% of shares in UniCredit offer, German bank says
UniCredit CEO says ECB more likely to declare control of Commerzbank given take-up
UniCredit to Lift Commerzbank Stake to 42.5% After Initial Offer Period
UniCredit says take-up in Commerzbank takeover bid at 12.51% of capital
UniCredit's takeover offer for Commerzbank concludes on Tuesday
Germany Rejects UniCredit's Commerzbank Bid, Calling Out ‘Aggressive' Approach
Shares in Commerzbank slip below price of UniCredit's bid
Germany rejects UniCredit's Commerzbank offer, agency says
Commerzbank CEO 'taken aback' by UniCredit claims
UniCredit Rejects Commerzbank's Claims of Unusual Tender Behaviour
UniCredit rejects Commerzbank claims that take-up is lower than seems
UniCredit Says Commerzbank Stake Increased to 37.7% After Latest Acceptances