|Founded||February 26, 1870Hamburg, Germanyin|
|Founders||Theodor Wille et al.|
|Revenue||€8.57 billion (2018)|
|€1.245 billion (2018)|
|€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)|
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. The bank is present in more than 50 countries around the world and provides almost a third of Germany's trade finance. 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. 15% of the shares are owned by the Federal Republic of Germany and 85% are in free float.
References[change | change source]
- 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.
- Sims, Tom. "German prosecutors raid Commerzbank in tax evasion probe". Reuters. Retrieved 2018-05-03.
- Protess, Ben (12 March 2015). "Commerzbank of Germany to Pay $1.5 Billion in U.S. Case". The New York Times.