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Commerzbank AG
Commerzbank Tower, the headquarters of Commerzbank in Innenstadt, Frankfurt.
Company type
Public (Aktiengesellschaft)
Traded as
FWB: CBK
ISIN
DE000CBK1001
Industry
Financial services
Founded
26 February 1870; 154 years ago (1870-02-26) in Hamburg
Founders
Theodor Wille et al.
Headquarters
Commerzbank Tower,
Frankfurt am Main
,
Germany
Number of locations
15 operational foreign branches and 27 representative offices in over 40 countries (2023)
Area served
Worldwide
Key people
Manfred Knof (Chairman of the Board of Managing Directors)
The Commerzbank Aktiengesellschaft (shortly known as Commerzbank AG or Commerzbank) is a European banking institution headquartered in Frankfurt am Main, Hesse, Germany. It offers services to private and entrepreneurial customers as well as corporate clients.[1] The Commerzbank Group also includes the German brand Comdirect Bank and the Polish subsidiary mBank.
As one of the oldest banks in Germany,[2] Commerzbank plays a significant role in the country's economy.[3] It is the largest financier of German foreign trade, with strong ties to the German 'Mittelstand.' In addition, it maintains a presence in all major economic and financial centers worldwide. Since its establishment in 1870, Commerzbank has undergone several changes.[4] It was the first German banking institution to open an operational branch in New York City in 1971.
Another milestone was the acquisition of Dresdner Bank in 2009. In the wake of the global economic and financial crisis, the Federal Republic of Germany became a major shareholder in the company. To this day, the government remains a significant bank shareholder, which is listed on the DAX.[5] In recent years, the bank has undergone considerable transformation, returning to profitability, partly through substantial cost reductions and the evolution of its business model.[6][7]
^Breinich-Schilly, Angelika (9 November 2022). "Commerzbank schärft Fokus auf Mittelstand und Vermögende". Springer Professional (in German). Retrieved 28 August 2023.
^Manfred Pohl; Sabine Freitag, eds. (1994). Handbook on the History of European Banks. Brookfield: Edward Elgar Publishing. p. 375. ISBN 1-85278-919-0.
^Schneider, Rembert (17 February 1995). "125 Jahre Commerzbank: Von Hamburg über Berlin, Düsseldorf nach Frankfurt und in die Welt. 'Die Bank an Ihrer Seite' ging oft eigene Wege". Börsen-Zeitung (in German). p. 5.
^"Die Wurzeln der Commerzbank liegen in Hamburg". Frankfurter Allgemeine (in German). 15 February 1995. p. 22.
^Mohr, Daniel (27 February 2023). "DAX: Commerzbank zurück und direkt an der Spitze". Frankfurter Allgemeine (in German). Retrieved 28 August 2023.
^Kröner, Andreas (17 February 2022). "Jahresbilanz: Commerzbank kämpft sich in die Gewinnzone zurück und lockt mit einer Dividende". Handelsblatt (in German). Retrieved 28 August 2023.
^Schaaf, Stefan (27 April 2022). "Commerzbank vs. Deutsche Bank: Die Gelben hängen die Blauen ab". Capital (in German). Retrieved 26 August 2023.
The Commerzbank Aktiengesellschaft (shortly known as Commerzbank AG or Commerzbank) is a European banking institution headquartered in Frankfurt am Main...
Commerzbank Tower is a 56-story, 259 m (850 ft) skyscraper in the banking district of Frankfurt, Germany. An antenna spire with a signal light on top...
registered firm First National Holding which was established through Commerzbank was beneficial to Reiman through the 1997 founded Liechtenstein firm...
by the Commerzbank in 1994, the company went public in 2000. The Commerzbank integrated the company on November 1, 2020. In 1994, the Commerzbank desired...
second-largest bank behind Deutsche Bank, it was eventually acquired by Commerzbank in May 2009. The Dresdner Bank was established on 12 November 1872 through...
of Commerzbank (Schweiz) AG, which is headquartered in Zurich and has a branch in Geneva and a subsidiary in Vienna. The integration of Commerzbank (Schweiz)...
Commerzbank AG v Keen [2006] EWCA Civ 1536 is a UK labour law case, concerning the construction of terms in a contract of employment. Mr Keen managed...
Frankfurt Marathon, until 2015: BMW Frankfurt Marathon, until 2010: Commerzbank Frankfurt Marathon) is a marathon which has taken place every year in...
since 2007 and a member of the Southwest Regional Advisory Board of Commerzbank since 2008. According to the suspended 1938 Constitution of Romania,...
can be occupied. The tallest habitable building in Frankfurt is the Commerzbank Tower, which rises 259 metres (850 ft) and has 56 floors. As of September...
775 billion are third-party assets (Q1 2021). Allianz sold Dresdner Bank to Commerzbank in November 2008. Allianz AG was founded in Berlin on 5 February 1890...
had become the tallest building in the European Union, superseding the Commerzbank Tower in Frankfurt, Germany. The Shard's steel structure was topped out...
Deutsche Bundesbank, Frankfurt Stock Exchange, Deutsche Bank, DZ Bank, KfW, Commerzbank, DekaBank, Helaba, several cloud and fintech startups, and other institutes...
government's investigation of money laundering and tax evasion schemes at Commerzbank. In January 2016, employees of the firm's Brazilian office were charged...
transactions. In 2009, it acquired the Swiss operation of Dresdner Bank from Commerzbank, following this in 2015 it acquired more than $12 billion of HSBC Private...
Joyce Giraud. Ohoven learned financing and institutional investment at Commerzbank and at his family's investment bank. While studying economics and business...
undertaken for Commerzbank's German clients. In February 2009 the Commerzbank management announced that no bonuses would be paid across the Commerzbank group including...
Commerzbank AG (Germany) have signed an agreement on acquisition by Commerzbank AG of 60% plus one share of Bank Forum. As of 01.11.2011, Commerzbank...
Indonesia Germany LBBW (Landesbank Baden-Wuerttemberg) Dresdner Bank AG Commerzbank AG India ICICI Bank Bank of India State Bank of India Japan Japan Bank...
CITIC Bank China Construction Bank (CCB International Holdings) CIMB Commerzbank Crédit Agricole Daiwa Securities DBS Bank (Capital Markets Group) Desjardins...
executive when John Duffield left over disagreements with the management of Commerzbank. In 2007 he led a management buy-out, supported by US private equity...
was established by John Duffield in 1985 and later sold to German bank Commerzbank in two tranches in 1995 and 2000. John Duffield left in 2000 after a...
there. Numerous smaller banks and Deutsche Bank, DZ Bank, KfW Bank, Commerzbank are also headquartered in Frankfurt, with the offices of several international...
correspondent relations with American Express Bank, USA; Banco di Roma, Italy; Commerzbank and Dresdner Bank, Germany; The Royal Bank of Canada, Canada; and The...
Global Information
€10.5 billion (2023)