Commerzbank is again listed in the 2022 Global 100 index by Corporate Knights and ranks among the most sustainable companies worldwide.
News
Commerzbank sells Hungarian subsidiary to Erste Bank (17.12.2021)
Contract signed for sale of Commerzbank Zrt. to Erste Group’s Hungary Zrt.
Commerzbank and Erste Group reach cooperation agreement for accompanying corporate customers in selected Central and Southeastern European countries.
CEO Manfred Knof: “We are consistently aligning our international network with the needs of our core customers.”
Commerzbank forces coal phase-out 2030 (13.12.2021)
New policy for fossil fuels comes into force on 1 January 2022.
No new business relationships with companies that generate more than 20% of their sales or power production with coal.
Manfred Knof: “This is another important step as we move towards net zero.”
Commerzbank successfully concludes negotiations with Central Works Council on implementation of Strategy 2024 (17.11.2021)
Agreement reached on partial settlements of interests for divisions in Germany.
Number of management positions will be reduced by approximately 30%.
Manfred Knof: “Just nine months after the announcement of Strategy 2024, the Bank’s target structure in Germany is finalised. We can now continue moving full speed ahead with the transformation.”
Commerzbank with operating result of more than €1bn after nine months – Positive net result expected for the full year (4.11.2021)
Strong third quarter with operating result of €472m and net result of €403m
Revenues after nine months at €6.36bn (9M 2020: €6.16bn)
Risk result of minus €257m (9M 2020: minus €1.1bn)
Net result of €9m after nine months despite restructuring expenses of €1.05bn (9M 2020: minus €168m)
Comfortable capital base with Common Equity Tier 1 ratio of 13.5%
