Results and Annual Meeting  Results and Annual Meeting

On 13 May, 2020, Commerzbank published its Q1 2020 Interim Report. In addition, the regular Annual General Meeting has taken place as a virtual event. The broadcast of the official part is available here (only in german).

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News

Commerzbank launches issuance programme for additional tier 1 capital (26.05.2020)

Programme volume of up to 3 billion euros

Bettina Orlopp: “We are creating a framework with the AT 1 issuance programme that can be used flexibly. This will enable us to further optimise our capital structure and also respond to the additional business opportunities that have arisen for us in the context of the coronavirus crisis and the changed regulatory requirements.”

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Commerzbank Annual General Meeting – summary of voting results (13.05.2020)

AGM follows recommendation to not pay a dividend

Board of Managing Directors and Supervisory Board discharged, two new members of the Supervisory Board elected

Anticipatory resolutions on share buybacks decided

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Commerzbank: Strong customer business in the first quarter of 2020 – Effects of coronavirus weigh on earnings (13.05.2020)

Revenues at €1.85bn (Q1 19: €2.16bn) due to temporary valuation effects – Good development in customer business: overall net interest income and net commission income up by 10%

Risk result at minus €326m (Q1 19: minus €78m) due to coronavirus effects amounting to €185m

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Commerzbank retains mBank – Sales process terminated (11.05.2020)

Transaction cannot be implemented at reasonable terms due to corona crisis

Strong capital position is a good basis for the consistent implementation of the Commerzbank 5.0 strategy

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Commerzbank publishes its 2019 Annual Report and merger contract with comdirect

Integration of comdirect will take place in stages – further digital development with focus on “mobile first” essential goal of integration

2019 Annual Report confirms figures published at Annual Press Conference

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Annual General Meeting

The recording (German language) is available here.

Recording

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