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News
Commerzbank successfully concludes negotiations with Central Works Council on implementation of Strategy 2024 (17.11.2021)
Agreement reached on partial settlements of interests for divisions in Germany.
Number of management positions will be reduced by approximately 30%.
Manfred Knof: “Just nine months after the announcement of Strategy 2024, the Bank’s target structure in Germany is finalised. We can now continue moving full speed ahead with the transformation.”
Commerzbank with operating result of more than €1bn after nine months – Positive net result expected for the full year (4.11.2021)
Strong third quarter with operating result of €472m and net result of €403m
Revenues after nine months at €6.36bn (9M 2020: €6.16bn)
Risk result of minus €257m (9M 2020: minus €1.1bn)
Net result of €9m after nine months despite restructuring expenses of €1.05bn (9M 2020: minus €168m)
Comfortable capital base with Common Equity Tier 1 ratio of 13.5%
Commerzbank pursues ambitious sustainability targets (17.9.2021)
Credit and investment portfolio to become “net zero” by 2050 at latest, own banking operations by 2040 at latest.
Sustainable business volume to be tripled to 300 billion euros by 2025.
Manfred Knof: “We want to contribute to channelling more capital into sustainable economic activities in order to mitigate the consequences of climate change.”
Commerzbank strengthens Board of Managing Directors – newly formed Board Team set to take Commerzbank into a successful future (15.9.2021)
Supervisory Board appoints Thomas Schaufler as Board Member for Private and Small-Business Customers.
Dr Jörg Oliveri del Castillo-Schulz is appointed new Chief Operating Officer.
Jörg Hessenmüller will leave the Bank by the end of the year.
