Commerzbank

Commerzbank AG
Commerzbank Tower, the headquarters of Commerzbank in Innenstadt, Frankfurt.
Type	Public (Aktiengesellschaft)
Traded as	FWB: CBK
ISIN	DE000CBK1001
Industry	Financial services
Founded	26 February 1870; 156 years ago (1870-02-26) in Hamburg
Founders	Theodor Wille et al.
Headquarters	Commerzbank Tower, Frankfurt am Main , Germany
Number of locations	15 operational foreign branches and 27 representative offices in over 40 countries (2023)
Area served	Worldwide
Key people	Bettina Orlopp [de] (Chairwoman of the Board of Managing Directors) Jens Weidmann (Chairman of the Supervisory Board)
Products	Asset management Banking Commodities Credit cards Equities trading Insurance Investment management Mortgage loans Private equity Wealth management
Brands	Comdirect Bank mBank
Revenue	€10.5 billion (2023)
Operating income	105,000,000 euro (2021)
Net income	2,224,000,000 euro (2023)
Total assets	€517.2 billion (2023)
Total equity	€33 billion (2023)
Number of employees	42,098 (2023)
Capital ratio	14.7% (2023)
Rating	bbb (S&P Global) baa2 (Moody's)
Website	www.commerzbank.com
Footnotes Commerzbank Investor Relations

Commerzbank AG is a major German bank operating as a universal bank, headquartered in Frankfurt am Main.

Overview

In 2017, the Commerzbank handled 13 million customers in Germany and 5 million customers in Central and Eastern Europe. In the 2019 financial year, it was the second largest in Germany by the total value of its balance sheet.

Operation

The bank is present in more than 50 countries around the world and provides almost a third of Germany's trade finance. Commerzbank is a member of the Cash Group. 15% of the shares are owned by the Federal Republic of Germany and 85% are in free float.

Controversies

The bank has been subject to several corruption investigations, paying $US1.5 billion in fines in 2015.

References

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