Commerzbank

Commerzbank AG
Company type	Aktiengesellschaft
Traded as	FWB: CBK; LSE: CZB
ISIN	DE000CBK1001
Industry	Financial services
Founded	February 26, 1870 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]

↑ ^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/
↑ Cite error: The named reference Source Name 2 was used but no text was provided for refs named (see the help page).
↑ ^8.0 ^8.1 Cite error: The named reference Source Name 1 was used but no text was provided for refs named (see the help page).

[: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] Cite error: The named reference Source Name 2 was used but no text was provided for refs named (see the help page).

[Source_Name_1-8] 8.0 ^8.1 Cite error: The named reference Source Name 1 was used but no text was provided for refs named (see the help page).

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