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.

Commerzbank AG
Aktiengesellschaft
Traded asFWBCBK
LSECZB
ISINDE000CBK1001
IndustryFinancial services
FoundedFebruary 26, 1870; 150 years ago (1870-02-26) in Hamburg, Germany[1]
FoundersTheodor Wille et al.[1]
HeadquartersKaiserplatz, ,
Area served
Worldwide
Key people
Services
RevenueDecrease 8.57 billion (2018)
Increase €1.245 billion (2018)
Increase €865 million (2018)
Total assetsIncrease €462 billion (2018)
Total equityDecrease €29 billion (2018)
Number of employees
49,174 (September 2018)
Capital ratio12.9% (2018)
Rating
Websitecommerzbank.com

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



























The logo of Commerzbank

Commerzbank is a German banking and financial services company. It is headquartered in Frankfurt, Hesse, Germany. The bank was founded in 1870.

Commerzbank is Germany's fourth-largest bank by total assets.

  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. Michael Brächer (September 6, 2017). "Ein Banker als Anwalt der Kunden". Handelsblatt (in German). Retrieved May 6, 2018.
  3. Commerzbank. August 3, 2020 https://www.commerzbank.de/en/hauptnavigation/presse/pressemitteilungen/archiv1/2020/quartal_20_03/presse_archiv_detail_20_03_90058.html. Retrieved August 3, 2020. Missing or empty |title= (help)
  4. "Commerzbank fourth-quarter net profit jumps 51 pct, tops expectations". www.cnbc.com. Feb 14, 2019. Retrieved Feb 14, 2019.
  5. "How Germany Might Sell Its Commerzbank Stake: Four Scenarios". Bloomberg.com. 2018-03-27. Retrieved 2018-03-27.
  6. http://www.cashgroup.de/
  7. Cite error: The named reference Source Name 2 was used but no text was provided for refs named (see the help page).
  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).