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Commerzbank AG (CBKG.DE)

CBKG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Commerzbank AG says based on preliminary figures it posted an operating profit of 342 million euros for Q2
Monday, 25 Jul 2016 03:37pm EDT 

Commerzbank Ag : Says on the basis of preliminary figures commerzbank posted an operating profit of 342 million euros for Q2 .Says net profit attributable to commerzbank shareholders stood at 209 million euros in the second quarter 2016.  Full Article

Citigroup, JPMorgan picked as offer agents for Heta bond buyback
Tuesday, 12 Jul 2016 10:33am EDT 

Austrian province of Carinthia: Says has appointed Citigroup and J.P. Morgan as offer agents in connection with Heta bond buyback offer . Says offers are expected to be launched in autumn 2016 Further company coverage: [HAABI.UL] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

Commerzbank launches cash tender offer
Friday, 3 Jun 2016 06:32am EDT 

Commerzbank AG : Commerzbank Aktiengesellschaft launches cash tender offer .Invited holders of us $150 million subordinated bonds due Jan 15, 2023 to offer to sell their bonds for purchase by co for cash.  Full Article

Commerzbank AG gives FY 2016 dividend forecast, comments on Q1 2016 outlook-Reuters
Wednesday, 20 Apr 2016 06:56am EDT 

Commerzbank AG:Aims to pay dividend for 2016, mid-term goal is to pay out 40 percent of net profit -CEO-Reuters.CEO says sees Q1 2016 result below that of Q4 2015, following cautious start to the year.  Full Article

Commerzbank appoints Martin Zielke new Chairman of the Board
Friday, 4 Mar 2016 08:30am EST 

Commerzbank AG:Martin Zielke to succeed Martin Blessing as Chairman of the Board of Managing Directors on May 1, 2016.Michael Mandel to succeed Zielke as member of the Board of Managing Directors responsible for the Private Customers business segment.  Full Article

Commerzbank AG issues FY 2016 outlook above analysts' estimates, to propose FY 2015 dividend
Friday, 12 Feb 2016 01:00am EST 

Commerzbank AG:Plans to propose dividend of 20 euro cents per share for FY 2015.Expects slight increase in net profit in comparison with this year's result​ for FY 2016.FY 2016 net income 9,749 million euros - Thomson Reuters I/B/E/S.  Full Article

Commerzbank comments on FY 2015 outlook, proposes dividend
Monday, 2 Nov 2015 01:00am EST 

Commerzbank AG:With a view to the loan loss provisions, the Bank expects these to remain below 0.9 billion euros for the FY 2015 financial year - with lower loan loss provisions in both NCA and in the Core Bank.Operating expenses - without taking into account the European Bank Levy - are expected to be slightly higher than EUR 7 billion for FY 2015.Plans to propose a dividend of 20 cents per share for the FY 2015.  Full Article

Commerzbank AG agrees fine for client tax evasion - source - Reuters
Wednesday, 14 Oct 2015 08:00pm EDT 

Commerzbank AG:Commerzbank has agreed to pay 17 million euros ($20 million) in fines for helping clients evade taxes, under a deal with Cologne prosecutors, a person familiar with the matter told Reuters - Reuters.Commerzbank to be fined for illicit business in Luxembourg and Panama - Reuters.The source told Reuters on Thursday that a court would have to approve the deal, which was first reported by German daily Sueddeutsche Zeitung on Wednesday - Reuters.Prosecutors launched an investigation into Commerzbank and its clients in February on suspicion that the lender, through its Luxembourg-based subsidiary, helped wealthy German customers stash away assets in shell companies in Panama and so helped them evade taxes - Reuters.  Full Article

Commerzbank AG agrees with prosecutors on fine for tax evasion -report - Reuters
Tuesday, 13 Oct 2015 08:00pm EDT 

Commerzbank AG:Commerzbank has agreed with Cologne prosecutors to pay 17 million euros ($19.49 million) of fines for tax evasion, Sueddeutsche Zeitung reported on Wednesday, without citing the source of the information - Reuters.  Full Article

Commerzbank to increase share capital
Monday, 27 Apr 2015 11:52am EDT 

Commerzbank AG:To increase the share capital so as to further strengthen the capital resources of Commerzbank.113.85 million new no-par-value shares are to be issued from authorised capital with the exclusion of subscription rights.New shares will be offered to institutional investors through a private placement through the so-called accelerated bookbuilding procedure.Gross issue proceeds of as much as 1.4 billion euros are to be attained with the placement.  Full Article

Commerzbank new boss to cut up to 20 pct of SME bank jobs -sources

FRANKFURT, July 26 Commerzbank's new chief executive is expected to cut up to 20 percent of jobs at its Mittelstandsbank business as he seeks to counteract the impact of low interest rates on the German bank's earnings, sources told Reuters on Tuesday.