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Commerzbank AG (CBKG.DE)

CBKG.DE on Xetra

8.49EUR
19 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Commerzbank expects less drag from low interest rates in 2018
Tuesday, 15 May 2018 

May 15 (Reuters) - Commerzbank CFO says::6.5 BILLION EUR COST TARGET FOR 2020 REMAINS UNCHANGED, THERE MAY BE TAILWINDS FROM BANK LEVY IN FUTURE.DRAG FROM LOW INTEREST RATES EXPECTED TO BE LOWER IN 2018.EXPECTS 2018 TAX RATE AT LOWER END OF 25-30 PERCENT RANGE.ASSET SALE WITHOUT CAPITAL TRANSFER AS MOST LIKELY OUTCOME FOR EMC UNIT .  Full Article

Commerzbank CEO Says Growth Continued In Q1
Tuesday, 8 May 2018 

May 8 (Reuters) - Commerzbank AG CEO::AFFIRMS AIMS TO RESUME DIVIDEND PAYMENTS FOR 2018.SAYS GROWTH CONTINUED IN Q1, EXPANDED CUSTOMER BASE IN PRIVATE AND CORPORATE CLIENT BUSINESS.SAYS REVENUES STABLE IN Q1 COMPARED WITH YEAR-EARLIER.  Full Article

Long Well Group Says Commerzbank Asset Management Asia Has To Pay S$ 38 Mln
Monday, 7 May 2018 

May 7 (Reuters) - Commerzbank AG ::LONG WELL GROUP SAYS COMMERZBANK ASSET MANAGEMENT ASIA HAS TO PAY S$ 38 MILLION TO THE LONG WELL GROUP.RESOLUTION OF THE SUPREME COURT OF SINGAPORE ISSUED AS A RESULT OF A PROCESS INITIATED IN 2012.  Full Article

Commerzbank aims to pay a dividend for 2018 - annual report
Monday, 26 Mar 2018 

March 26 (Reuters) - Commerzbank ::CEO ZIELKE TO RECEIVE REMUNERATION OF 2.035 MILLION EUR FOR 2017, AFTER 1.6 MILLION FOR 2016 - ANNUAL REPORT.2017 NET PROFIT 176 MILLION EUR AFTER 1.49 BLN IN 2016 - ANNUAL REPORT.SAYS AT GROUP LEVEL COMMERZBANK IS AIMING FOR A SLIGHT INCREASE IN NET INTEREST INCOME OVERALL IN 2018 - ANNUAL REPORT.ON ADJUSTED BASIS EXPECTS A SIGNIFICANT IMPROVEMENT IN OPERATING GROUP PROFIT IN 2018 - ANNUAL REPORT.EXPECTS CET1 RATIO OF AT LEAST 13 PERCENT BY YEAR-END 2018 - ANNUAL REPORT.SAYS AIMING TO DISTRIBUTE A DIVIDEND FOR FINANCIAL YEAR 2018 - ANNUAL REPORT.  Full Article

Commerzbank: Unit #Openspace And Microsoft Deutschland Start Strategic Cooperation From Jan 2018 Onwards
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - COMMERZBANK AG ::SUBSIDIARY #OPENSPACE AND MICROSOFT DEUTSCHLAND WILL START STRATEGIC COOPERATION FROM JAN 2018 ONWARDS.  Full Article

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

Commerzbank and ICBC sign MoU to support silk road trade- FAZ

FRANKFURT, July 18 Germany's Commerzbank has signed a memorandum of understanding with China's ICBC to fund $5 billion worth of projects along the so-called silk road, Germany's Frankfurter Allgemeine Zeitung said on Wednesday.