Chief Risk Officer Marcus Chromik: “Through our ‘Strategy 2024’, we have sustainably strengthened the Bank’s profitability and thus improved our resilience even further.”
News
New Capital Return Policy decided: Commerzbank plans to increase shareholder participation in company’s success
• Total pay-out for 2022 to 2024 of €3 billion confirmed, pay-out ratio for 2024 will be at least 70%
• Net return on tangible equity (RoTE) expected to rise to more than 11% in 2027 given a CET 1 ratio of 13.5%
• For the years 2025 to 2027, pay-out ratio of more than 50% but not more than the net result after AT1 coupons and minorities is planned
• CEO Manfred Knof: “The planned increase of the pay-out ratio is an expression of our confidence in the Bank’s further development.”
Commerzbank joins Partnership for Carbon Accounting Financials (PCAF) (21.9.2023)
Transparency about CO2 emissions increasingly important for banks
PCAF underlines Bank’s commitment to drive transformation
Head of Communications Sven Korndörffer is leaving Commerzbank (15.9.2023)
Sven Korndörffer, Divisional Board Member and responsible for Corporate Communications, Public Affairs, Brand & Research and the Commerzbank Foundation since April 2021, will leave Commerzbank at his own request with effect from October 31, 2023.
