1970 to 1989
1970 | Process of centralising headquarters in Frankfurt am Main begins. |
1970/71 | Streamlining in mortgage banking: Commerzbank acquires majority holdings of the Rheinische Hypothekenbank, Mannheim, and the Westdeutsche Bodenkreditanstalt, Cologne. The two merge in 1974. Down a new road in Europe: Commerzbank, Crédit Lyonnais and Banco di Roma sign cooperation agreements to form the Europartners group. |
1971 | New York representative office converted into a branch, the first operative unit of a German bank in the US. Commerzbank share traded on Paris stock exchange. |
1972 | Commerzbank introduces its four winds logo as part of a European cooperation campaign between banks. Number of customers rises to two million. Stock-exchange listing in Vienna. |
1973 | Branch opened in London. Commerzbank helps found the Europartners Bank (Nederland) N.V. in Amsterdam and holds a 60% stake. Listed on stock exchange in Belgium and Switzerland. Banco Hispano Americano, Madrid, joins the Europartners group. |
1974 | New headquarters building in Frankfurt am Main completed. Commerzbank and Crédit Lyonnais branches in Saarland merged to form Commerz-Credit-Bank Aktiengesellschaft Europartner. Branch opened in Chicago. Commerzbank share traded in Luxembourg and Amsterdam. |
1975 | Training centre opened in Glashütten near Frankfurt. First bearer bonds issued. |
1976 | Commerzbank acquires a 50% holding in Deutsche Gesellschaft für Immobilien- und Anlage-Leasing mbH (DIL), Düsseldorf. Branch opened in Paris. |
1977 | Advertising slogan 'Commerzbank. Die Bank an Ihrer Seite' launched. Domestic branch network restructured to form 40 main administrative units. Branches opened in Brussels and Tokyo. |
1978 | Branch opened in Antwerp. |
1979 | Branch opened in Hong Kong and agency in Atlanta. Subsidiary Commerzbank (South East Asia) Ltd. (COSEA), Singapore, starts operations. Commerzbank a founder-member of Korea International Merchant Bank, Seoul. |
1980 | Involved in nationwide introduction of viewdata system. Branch opened in Madrid. |
1980/82 | High interest rates prompt Commerzbank not to pay a dividend. |
1981 | Commerzbank joins in inter-bank pilot project in Berlin and introduces first ATMs. Branch opened in Barcelona. |
1983 | First German bank to offer corporate customers a world-wide cash management information system, known initially as ComCash and subsequently COBRA. |
1984 | New technical centre opened in Frankfurt am Main. Europartners Bank (Nederland) N.V. in Amsterdam acquired as full subsidiary, known as Commerzbank (Nederland) N.V. Acquisition of a 10% stake in Banco Hispano Americano, Madrid. Start of 'sun' advertising campaign. |
1985 | Commerzbank issues first profit-sharing certificates. Commerzbank (Schweiz) AG established in Zurich; branch established in Geneva in 1988. Branch opened in Los Angeles and Commerzbank U.S. Finance Inc., founded in Wilmington, Delaware. |
1986 | Commerz International Capital Management GmbH (CICM) and Commerz-Beteiligungsgesellschaft mbH founded in Frankfurt am Main as part of the bank's investment banking development. Stock-exchange listing in Tokyo. |
1987 | Commerzbank and four other German banks establish the international cash-management system WORLD-CASH. Commerzbank Fonds-Verwaltungsgesellschaft mbH becomes Commerzbank Investment Management Gesellschaft mbH. Commerz Unternehmensbeteiligungs-Aktiengesellschaft founded in Frankfurt am Main, and Commerz Securities (Japan) Company Ltd., in Hong Kong and Tokyo. |
1988 | Allfinanz alliance established (one-stop finance), with Commerzbank acquiring 40 % of Leonberger Bausparkasse AG. ADIG-Investment Luxemburg S.A. founded in Luxembourg, Commerzbank with a 37.5% holding. EuroPartners Securities Corporation in New York, a Commerzbank holding since 1971, becomes a full subsidiary renamed Commerzbank Capital Markets Corporation. Following restructuring of the Brazilian Unibanco group, Commerzbank acquires a 10 % stake. |
1989 | Commerzbank has over three million customers with more than six million accounts. Starts marketing its COMMERZBANK EUROCARD and COMMERZBANK EUROCARD GOLD. Cooperation agreement with DBV + Partner Versicherungen, Wiesbaden. Acquires 25% share in management consultants Baumgartner und Partner. The new CICM (Ireland) Ltd., Dublin, launches individual investment funds in accordance with Irish law. Holding in Deutsche Schiffsbank AG, Bremen/Hamburg, acquired. |
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