1946 to 1969
1947/48 | The military governments in the Allied zone decentralise the big banks, and the former Commerzbank now consists of nine branch groups with no clear legal status, supervised by official administrators. |
1949 | In Berlin, Bankhaus Holbeck KG, the forerunner of Berliner Commerzbank AG, starts operating. |
1951 | Commerzbank branch group acquires stake in ADIG Allgemeine Deutsche Investment Gesellschaft mbH, Munich. |
1952 | Legislation passed on 29 March on areas in which banks were allowed to establish branches permits establishment of three successor bodies:
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1952/55 | First post-war foreign representative offices opened in Amsterdam, Madrid and Rio de Janeiro. |
1956 | The Bank für Teilzahlungskredit (BTK) GmbH is founded as a subsidiary in Düsseldorf. |
1958 | Düsseldorf branch of the three post-war institutions takes over the other two on 30 June to form Commerzbank AG. On 31 December, the bank's balance-sheet total amounts to DM5.6bn, and its equity capital DM253 million. |
1959 | The big banks step up retail business and offer small-scale loans to the public in general, initially up to DM2,000 for a maximum period of 24 months. |
1962 | Commerzbank is listed on the London Stock Exchange, the bank's first listing abroad. |
1964 | A 15% stake acquired in the holding company Société Financière pour les Pays d'Outre Mer (SFOM), which is active in Africa. |
1965 | Commerzbank has over a million customers. Employee shares offered for the first time. |
1967 | First group accounts drawn up, with a balance-sheet total of DM13.9bn and equity capital of DM605m. Commerzbank is one of the founder members of the International Commercial Bank Ltd. in London, it opens a representative office in New York and acquires a share in Korea Exchange Bank, Seoul. |
1967/68 | Opens 175 domestic outlets, a record number. |
1968 | In agreement with the rest of the banking sector, Commerzbank introduces a cheque guarantee card, and the euro-cheque is born. Stakes acquired in Rifbank in Beirut and Banco de Investimento do Brasil in Rio de Janeiro. |
1969 | Commerz- und Industrie-Leasing GmbH (CIL) and Commerzbank Fonds-Verwaltungsgesellschaft mbH (Cofo) founded in Düsseldorf (industrial leasing and fund management companies). Commerzbank International S.A. (CISAL) established in Luxembourg. Co-founder of the Commercial Bank of Dubai. |
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