Commerzbank
major commercial bank
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.
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| Company type | Aktiengesellschaft |
|---|---|
| FWB: CBK LSE: CZB | |
| ISIN | DE000CBK1001 |
| Industry | Financial services |
| Founded | February 26, 1870 in Hamburg, Germany[1] |
| Founders | Theodor Wille et al.[1] |
| Headquarters | Kaiserplatz, , |
Area served | Worldwide |
Key people |
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| Services | |
| 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) |
| Rating |
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| Website | commerzbank.com |
The bank has been subject to several corruption investigations,[7][8] paying $US1.5 billion in fines in 2015.[8]
References
change- ↑ 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. Archived from the original on 2018-12-21. 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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