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June 30, 2011

Commerzbank sells the central collection agency of the former Dresdner Bank

Commerzbank is selling the central collection agency (Zentrales Inkassobüro) of the former Dresdner Bank to the Swedish financial service provider Intrum Justitia. All relevant contracts were signed. It was agreed to maintain confidentiality on the details. The background to this move is the integration of the former Dresdner Bank into Commerzbank.


Headquartered in Hannover, the unit focuses on the collection of receivables in the Private Customer business and has roughly 40 employees.


Press contact:
Simone Fuchs +49 69 136 44910


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About Commerzbank
Commerzbank is a leading bank for private and corporate customers in Germany. With the segments Private Customers, 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 50 countries and serves more than 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 59,100 employees.


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Disclaimer
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.

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