Edition:
United Kingdom

Commerzbank AG (CBKG.DE)

CBKG.DE on Xetra

12.61EUR
8 Dec 2017
Change (% chg)

-- (--)
Prev Close
€12.61
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
9,958,103
52-wk High
€12.81
52-wk Low
€6.97

Latest Key Developments (Source: Significant Developments)

Commerzbank to transfer securities settlement ‍​
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Commerzbank Ag ::SAYS IT AND HSBC TRANSACTION SERVICES GMBH AGREE STRATEGIC PARTNERSHIP FOR SECURITIES SETTLEMENT‍​.SAYS COMMERZBANK’S SECURITIES SETTLEMENT BUSINESS PROCESSES WILL BE TRANSFERRED.SAYS A JOINT VENTURE SHALL BE SET UP IN WHICH COMMERZBANK SHALL HAVE A 20 PER CENT MINORITY STAKE.SAYS INVESTMENTS AND EXPECTED MEDIUM-TERM SAVINGS ARE FULLY ACCOUNTED FOR IN THE “COMMERZBANK 4.0” STRATEGY.  Full Article

Commerzbank: cooperating fully with Frankfurt tax probe
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Commerzbank says::Cooperating fully with Frankfurt tax probe.  Full Article

Commerzbank to add more customers in 2017 than planned - CFO
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Commerzbank CFO during conference call:Says will beat target for 2017 growth in customer numbers.Says sticking with guidance that there will be no dividend for 2017.  Full Article

Commerzbank has 132 mln euros in H2 net exceptional revs
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Commerzbank AG :Discloses further transaction effects from the transfer of the instalment loan portfolio of approximately EUR 3.5 bn and the termination of the "Commerz Finanz GmbH" joint venture as of Aug. 18, 2017..Says net exceptional revenues amount to 132 million euros for the second half of 2017.‍​.  Full Article

Commerzbank: strategy and financial objectives 2020
Thursday, 29 Sep 2016 

Commerzbank AG : Board of managing directors presents strategy and financial objectives 2020 to the supervisory board . As part of "Commerzbank 4.0" strategy, it will concentrate on its core businesses, digitalise 80 percent of relevant processes, and thereby achieve significant efficiency gains. . Business will be focused in two customer segments, "Private and Small Business Customers" and "Corporate Clients" . Goodwill and intangible assets of both corporates & markets and mittelstandsbank will be subjected to an impairment test. This means that most probably around 700 million euros ($785.19 million) would be written off in Q3 of 2016 . Net result would be negative in Q3. Write-Offs do not affect Common Equity Tier 1 (CET 1) ratio . Despite goodwill write-offs, commerzbank is expecting a small net profit for 2016 as a whole. . CET 1 ratio after full application of Basel 3 will be higher in Q3 of 2016 than in previous quarter . Commerzbank is aiming for a net return on tangible equity (RoTE) of at least 6 percent by end of 2020 . By end of 2020 Commerzbank will have sustainably increased its profitability . Commerzbank is expecting revenues for 2020 to total between 9.8 billion and 10.3 billion euros . For 2020 bank expects a ratio of above 13 percent . Says staff reductions amounting to around 9,600 full-time positions . At same time, around 2,300 new jobs will be created in areas of business growth.  Full Article

Bafin head says not looking at Commerzbank-Deutsche Bank merger
Thursday, 1 Sep 2016 

Bafin head Felix Hufeld, speaking at a financial conference in Frankfurt: Asked about possible Deutsche Bank - Commerzbank merger, says "we currently don't look at hypothetical problems" Further company coverage: [DBKGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1272;)).  Full Article

Commerzbank CEO says Germany has too many banks
Wednesday, 31 Aug 2016 

Commerzbank CEO says : We have too many banks in Germany . We are very well capitalised Further company coverage: [CBKG.DE] ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Polish regulator seeks capital buffer for Commerzbank unit
Thursday, 18 Aug 2016 

mBank : Poland's financial regulator KNF has asked the country's macroeconomic stability body KSF to give an opinion on whether to recognise Polish mBank as a "systemically important institution" and require it hold a capital buffer equal to 0.5 percent of its risk exposure, the bank said late on Wednesday. .mBank, Poland's fourth largest bank by assets, is the Polish unit of the German bank Commerzbank ..  Full Article

Commerzbank CFO says definitely no plans to sell M-Bank
Tuesday, 2 Aug 2016 

Commerzbank AG : CFO says disposal of M-Bank is definitely not on the agenda Further company coverage: [CBKG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1272;)).  Full Article

Poland's mBank confirms PLN 1 bln net profit goal for 2016
Thursday, 28 Jul 2016 

Poland's mBank : Poland's No.4 lender expects around 1 billion zlotys ($254.1 million) of net profit in 2016, its CEO Cezary Stypulkowski told a news conference on Thursday. . The Polish Commerzbank unit expects no more one-off transactions such as the Visa shares sale in the coming quarters. Further company coverage: [MBK.WA] ($1 = 3.9360 zlotys) (Reporting by Marcin Goclowski; Writing by Adrian Krajewski; Editing by Marcin Goettig) ((adrian.krajewski@thomsonreuters.com;)).  Full Article

Italy - Factors to watch on Dec. 11

The following factors could affect Italian markets on Monday.