Commerzbank

Commerzbank AG
Company type	Aktiengesellschaft
Traded as	FWB: CBK; LSE: CZB
ISIN	DE000CBK1001
Industry	Financial services
Founded	February 26, 1870; 154 years ago in Hamburg, Germany
Founders	Theodor Wille et al.
Headquarters	Kaiserplatz, Frankfurt am Main, Germany
Area served	Worldwide
Key people	Manfred Knof; (Chairman of the Board of Managing Directors); Hans-Jörg Vetter; (Chairman of the Supervisory Board);
Services	Banking; Financing;
Revenue	€8.57 billion (2018)
Operating income	€1.245 billion (2018)
Net income	€865 million (2018)
Total assets	€462 billion (2018)
Total equity	€29 billion (2018)
Number of employees	49,174 (September 2018)
Capital ratio	12.9% (2018)
Rating	bbb+ (S&P Global); baa3 (Moody's); bbb+ (Fitch);
Website	commerzbank.com

Commerzbank AG is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet.^[4] The bank is present in more than 50 countries around the world and provides almost a third of Germany's trade finance.^[5] In 2017, it handled 13 million customers in Germany and 5 million customers in Central and Eastern Europe. Commerzbank is a member of the Cash Group.^[6] 15% of the shares are owned by the Federal Republic of Germany and 85% are in free float.

The bank has been subject to several corruption investigations,^[7]^[8] paying $US1.5 billion in fines in 2015.^[8]

References[change | change source]

↑ ^1.0 ^1.1 Manfred Pohl, Sabine Freitag, ed. (1994). Handbook on the History of European Banks. Brookfield: Edward Elgar Publishing. p. 375. ISBN 1-85278-919-0.
↑ "Commerzbank Board of Managing Directors". Commerzbank. January 1, 2021. Retrieved January 20, 2021.
↑ "Supervisory Board". Commerzbank. August 3, 2020. Retrieved August 3, 2020.
↑ "Commerzbank fourth-quarter net profit jumps 51 pct, tops expectations". www.cnbc.com. Feb 14, 2019. Retrieved Feb 14, 2019.
↑ "How Germany Might Sell Its Commerzbank Stake: Four Scenarios". Bloomberg.com. 2018-03-27. Retrieved 2018-03-27.
↑ http://www.cashgroup.de/
↑ Sims, Tom. "German prosecutors raid Commerzbank in tax evasion probe". Reuters. Retrieved 2018-05-03.
↑ ^8.0 ^8.1 Protess, Ben (12 March 2015). "Commerzbank of Germany to Pay $1.5 Billion in U.S. Case". The New York Times.

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[:0-1] 1.0 ^1.1 Manfred Pohl, Sabine Freitag, ed. (1994). Handbook on the History of European Banks. Brookfield: Edward Elgar Publishing. p. 375. ISBN 1-85278-919-0.

[2] "Commerzbank Board of Managing Directors". Commerzbank. January 1, 2021. Retrieved January 20, 2021.

[3] "Supervisory Board". Commerzbank. August 3, 2020. Retrieved August 3, 2020.

[4] "Commerzbank fourth-quarter net profit jumps 51 pct, tops expectations". www.cnbc.com. Feb 14, 2019. Retrieved Feb 14, 2019.

[bb2018-5] "How Germany Might Sell Its Commerzbank Stake: Four Scenarios". Bloomberg.com. 2018-03-27. Retrieved 2018-03-27.

[6] ttp://www.cashgroup.de/

[Source_Name_2-7] Sims, Tom. "German prosecutors raid Commerzbank in tax evasion probe". Reuters. Retrieved 2018-05-03.

[Source_Name_1-8] 8.0 ^8.1 Protess, Ben (12 March 2015). "Commerzbank of Germany to Pay $1.5 Billion in U.S. Case". The New York Times.

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