Press Release Press Release


March 30, 2011

Changes to the Supervisory Board of BRE Bank

The Annual General Shareholders Meeting of the Polish Commerzbank subsidiary BRE Bank today decided on changes to the Supervisory Board of the bank. Eric Strutz, CFO of Commerzbank, as well as Thorsten Kanzler, divisional board member treasury, will enter the board as of April 1, 2011. The Supervisory Board is thus being further strengthened through the enlargement of its competencies. The membership of Stefan Schmittmann and Martin Zielke ends as of March 31, 2011. Schmittmann is responsible for risk management in the Board of Managing Directors of Commerzbank, Zielke for the private customer business. Commerzbank is in addition represented on the Supervisory Board of BRE Bank by Achim Kassow, responsible for the Central & Eastern Europe (CEE) segment in the Board of Managing Directors of Commerzbank, Andre Carls, CEO of the bank’s CEE-Holding, as well as Sascha Klaus, responsible for risk management in the CEE segment.

Commerzbank holds some 70 % of the shares in BRE Bank, which is listed on Warsaw stock exchange. It ranks among the biggest banks in Poland and is the market leader in the private banking segment.

Press contact:
Simone Fuchs +49 69 136 44910
Sybille Wilz +49 69 136 80529


About Commerzbank
Commerzbank is a leading bank for private and corporate customers in Germany. With the segments Private Clients, Mittelstandsbank, Corporates & Markets, Central & Eastern Europe as well as Asset Based Finance, the Bank offers its customers an attractive product portfolio, and is a strong partner for the export-oriented SME sector in Germany and worldwide. With a future total of some 1,200 branches, Commerzbank has one of the densest networks of branches among German private banks. It has above 60 sites in more than 50 countries and serves approximately 14 million private clients as well as one million business and corporate clients worldwide. In 2010 it posted gross revenues of EUR 12.7 billion with some 59,000 employees.


This release contains statements concerning the expected future business of Commerzbank, efficiency gains and expected synergies, expected growth prospects and other opportunities for an increase in value of the company as well as expected future net income per share, restructuring costs and other financial developments and information. These forward-looking statements are based on management’s current expectations, estimates and projections. They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from any future results and developments expressed or implied by such forward-looking statements. Commerzbank has no obligation to periodically update or release any revisions to the forward-looking statements contained in this release to reflect events or circumstances after the date of this release.