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Commerzbank AG (CBKG.DE)

CBKG.DE on Xetra

5.87EUR
16 Sep 2019
Change (% chg)

€-0.20 (-3.28%)
Prev Close
€6.07
Open
€5.97
Day's High
€6.06
Day's Low
€5.82
Volume
9,503,090
Avg. Vol
7,495,249
52-wk High
€9.66
52-wk Low
€4.66

Latest Key Developments (Source: Significant Developments)

Commerzbank CFO Engels to step down in 2020 to join Danske
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - Commerzbank AG ::DGAP-NEWS: CHANGES IN THE BOARD OF MANAGING DIRECTORS OF COMMERZBANK AG.COMMERZBANK'S CHIEF FINANCIAL OFFICER, STEPHAN ENGELS, HAS INFORMED CHAIRMAN OF SUPERVISORY BOARD THAT HE IS COMMITTED TO FULFILL HIS CONTRACT, WHICH RUNS UNTIL APRIL 2020, BUT THAT HE WOULD DECLINE A POTENTIAL OFFER TO EXTEND IT..STEPHAN ENGELS HAS BEEN CHIEF FINANCIAL OFFICER AT COMMERZBANK SINCE 1 APRIL 2012.  Full Article

Commerzbank Appoints Roland Boekhout As Member Of Managing Board
Thursday, 11 Jul 2019 

July 11 (Reuters) - Commerzbank AG ::CHANGES IN THE BOARD OF MANAGING DIRECTORS OF COMMERZBANK AG ●.ROLAND BOEKHOUT SUCCEEDS MICHAEL REUTHER WHO WILL LEAVE THE BANK BY YEAR-END.COMMERZBANK APPOINTS ROLAND BOEKHOUT AS MEMBER OF THE BOARD RESPONSIBLE FOR CORPORATE CLIENTS SEGMENT.ROLAND BOEKHOUT WILL TAKE ON RESPONSIBILITY FOR COMMERZBANK'S CORPORATE CLIENTS SEGMENT BY 1 JANUARY 2020.ROLAND BOEKHOUT SUCCEEDS MICHAEL REUTHER.  Full Article

Commerzbank Issues Additional Tier 1 Bond
Tuesday, 2 Jul 2019 

July 2 (Reuters) - COMMERZBANK AG ::COMMERZBANK SUCCESSFULLY ISSUES ADDITIONAL TIER 1 BOND.BOND HAS A VOLUME OF 1 BILLION US DOLLARS AND A FIXED COUPON OF 7.0% PER ANNUM.ORDER BOOK WAS SEVERAL TIMES OVERSUBSCRIBED.BOND WILL BE LISTED ON LUXEMBOURG STOCK EXCHANGE..INSTRUMENT HAS A PERPETUAL MATURITY AND A FIRST CALL DATE IN APRIL 2025.BOND TERMS ALLOW FOR A TEMPORARY WRITE-DOWN IN EVENT THAT CORE EQUITY TIER 1 RATIO (CET1 RATIO) OF BANK DROPS BELOW 5.125 PER CENT.  Full Article

Commerzbank Says It Plans To Issue Additional Tier 1 Bond
Tuesday, 25 Jun 2019 

June 25 (Reuters) - Commerzbank AG ::DGAP-ADHOC: COMMERZBANK PLANS TO ISSUE ADDITIONAL TIER 1 BOND.DGAP-ADHOC: COMMERZBANK PLANS TO ISSUE ADDITIONAL TIER 1 BOND.AGGREGATE NOMINAL AMOUNT OF AT LEAST 500 MILLION US DOLLARS IN A SPECIFIED DENOMINATION OF 200,000 US DOLLARS.BOND WILL HAVE A PERPETUAL MATURITY AND A FIRST CALL DATE IN APRIL 2025.BOND MEETS CRITERIA SET OUT IN CAPITAL REQUIREMENTS REGULATION (CRR) FOR ADDITIONAL TIER 1 CAPITAL (AT 1).  Full Article

Commerzbank And Allianz Extend Cooperation, To Make Investments
Wednesday, 15 May 2019 

May 15 (Reuters) - Commerzbank AG and Allianz say in joint statement::THEY EXTEND COOPERATION IN FIELD OF SECURITIES.THEY WILL PLACE INVESTMENTS OF DOUBLE-DIGIT MILLION EUR AMOUNT AS PART OF COOPERATION FOR PRIVATE AND CORPORATE COMMERZBANK CLIENTS.  Full Article

German Union Calls On Bank Staffers To Go On Strike
Tuesday, 14 May 2019 

May 14 (Reuters) - German Verdi union::CALLS ON BANK STAFFERS TO GO ON STRIKE AHEAD OF THE 4TH ROUND OF TALKS ON MAY 20.  Full Article

Creditshelf Buys Lending Platform Main Funders And Agrees On Cooperation With Commerzbank AG
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Creditshelf AG ::DGAP-ADHOC: CREDITSHELF AG ACQUIRES LENDING PLATFORM MAIN FUNDERS AND AGREES ON COOPERATION WITH COMMERZBANK AG.IN 2019, FIRST YEAR OF AGREEMENT, AN EXECUTED LOAN VOLUME IN HIGHER DOUBLE-DIGIT MILLION RANGE IS TARGETED.IN THIS CONTEXT, CREDITSHELF AND COMMERZBANK HAVE ENTERED INTO A FUNDAMENTAL LENDING COOPERATION AGREEMENT.SAYS COMMERZBANK WILL REFER SELECT LOAN REQUESTS TO CREDITSHELF THAT HAVE SO FAR MET PROFILE OF MAIN FUNDERS.  Full Article

S&PWe Consider Both Management Teams Remain Under Pressure To Build Investor Confidence In Their Stand-Alone Business Models' Ability To Combat Their Key Weaknesses
Friday, 26 Apr 2019 

April 26 (Reuters) - S&P: We Think Commerzbank ::IS SOMEWHAT LESS CHALLENGED THAN DEUTSCHE BANK DBKGN.DE, ALTHOUGH OUR NEGATIVE OUTLOOK ON COMMERZBANK CONTINUES TO REFLECT DOWNSIDE RISKS.S&P:WE CONSIDER THAT DEUTSCHE BANK HAS ACKNOWLEDGED THAT IT MAY NEED TO TAKE FURTHER STRATEGIC ACTIONS TO ACHIEVE ITS LONGER-TERM OBJECTIVE OF ADEQUATELY COVERING ITS COST OF CAPITAL.S&P:IN OUR VIEW, DEUTSCHE BANK WILL REMAIN UNDER STRAIN UNTIL IT STARTS TO CLOSE IN ON THIS OBJECTIVE.S&P:WE CONSIDER BOTH MANAGEMENT TEAMS REMAIN UNDER PRESSURE TO BUILD INVESTOR CONFIDENCE IN THEIR STAND-ALONE BUSINESS MODELS' ABILITY TO COMBAT THEIR KEY WEAKNESSES.  Full Article

Deutsche Bank Chairman: Management Decision On Commerzbank Was The Correct One
Thursday, 25 Apr 2019 

April 25 (Reuters) - Deutsche Bank AG ::DEUTSCHE BANK CHAIRMAN SAYS DECISION OF THE MANAGEMENT BOARD TO THOROUGHLY EXAMINE THE POSSIBILITY OF A MERGER WITH COMMERZBANK WAS THE CORRECT ONE, AND IT IS EQUALLY THE CORRECT DECISION NOT TO PURSUE THIS FURTHER.DEUTSCHE BANK CHAIRMAN SAYS INTENSIVE DISCUSSIONS AND ANALYSIS OVER THE PAST FEW WEEKS HAVE SHOWN US THAT POTENTIAL RISK-REWARD TRADE-OFF IS NOT ATTRACTIVE FOR OUR INVESTORS.  Full Article

Commerzbank CEO: Will Continue Our Strategy
Thursday, 25 Apr 2019 

April 25 (Reuters) - Commerzbank Ag ::CEO SAYS ON POSSIBLE MERGER WITH DEUTSCHE BANK IT MADE SENSE TO EVALUATE THIS OPTION FOR DOMESTIC CONSOLIDATION IN GERMANY. HOWEVER, WE WERE ALWAYS CLEAR: WE NEEDED TO BE CONVINCED THAT ANY POTENTIAL COMBINATION WOULD GENERATE HIGHER AND MORE SUSTAINABLE RETURNS FOR SHAREHOLDERS AND ALLOW US TO ENHANCE OUR VALUE PROPOSITION TO CLIENTS.CEO SAYS AFTER THOROUGH ANALYSIS, WE HAVE CONCLUDED THAT THIS TRANSACTION WOULD NOT HAVE CREATED SUFFICIENT BENEFITS TO OFFSET THE ADDITIONAL EXECUTION RISKS, RESTRUCTURING COSTS AND CAPITAL REQUIREMENTS ASSOCIATED WITH SUCH A LARGE-SCALE INTEGRATION.CEO SAYS WE WILL CONTINUE OUR STRATEGY, GROW TOGETHER WITH OUR CLIENTS AND INVEST IN OUR FUTURE.  Full Article

ECB's new rules for parking cash provides some relief - German banks

BERLIN Germany's bank lobby group on Friday said the European Central Bank's (ECB) decision to reduce penalties for parking large amounts of cash with the ECB would help local lenders save 500 million euros ($554.70 million) annually.