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January 18, 2013

Commerzbank supports SOS Children’s Villages in Africa with a donation of euro 100,000

  • Education and sustainability projects create positive perspectives in life

With a total of euro 100,000 donated in 2012 and 2013, Commerzbank AG supports the child care organisation SOS Children's Villages in Africa. The funds will be used to benefit projects in the fields of education and sustainability in Ghana and Liberia, among others, for the purchase of modern IT equipment for schools and the installation of photovoltaic systems for the children's villages. Our cooperation with SOS Children's Villages is part of the "Africa – Big Five" initiative introduced by the Financial Institutions division of the Mittelstandsbank to further expand its business with corporate customers on the African Continent. "Our corporate customers shall see that it is not only our aim to grow on the African Continent but that we also wish to demonstrate social commitment. Responsibility for society is part of our corporate culture. With our commitment for SOS Children's Villages in the fields of education and sustainability we wish to provide young people in Africa with better opportunities to lead a self-determined life", says Florian Witt, Senior Relationship Manager for Africa at the Mittelstandsbank.

Wtih 6 Representative Offices between Cairo and Johannesburg, and 500 bank customers and 250 institutional customers, Commerzbank is no. 1 German-speaking bank for corporate customer transactions in Africa. It has now been active in this region for 60 years, maintaining business relations with 50 of the 53 countries on the African continent. It cooperates above all with governments, local banks and central banks. Commerzbank handles 11 % of all euro payments from Africa to other countries and 35 % of all foreign trade financings with Germany.

SOS Children's Villages is active in 46 African countries where the SOS Children's Villages projects help children and young people in difficult family situations as well as orphans to find a new home in one of the SOS families. In addition, SOS Children's Villages also runs kindergartens, youth centres, schools, vocational training centres, medical and social centres.

www.commerzbank.de/en/hauptnavigation/institutions/fi_topic/afrika.html

Press contact:

Martin Halusa: Tel. +49 170 8528638

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About Commerzbank

Germany is the leading bank for private and corporate customers in Germany. With the segments Private Customers, Mittelstandsbank, Corporates & Markets as well as Central & Eastern Europe, 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 network of branches among German private banks. It has around 60 sites in 52 countries and serves almost 15 million private customers as well as 1 million business and corporate customers worldwide. In 2011, it posted gross revenues of almost euro 10 billion with 58,160 employees.

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