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Commerzbank AG (CBKG.DE)

CBKG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Moody's says Commerzbank's digital revamp will weigh on profitability, capital build-up
Wednesday, 19 Oct 2016 01:30am EDT 

: Moody's: Commerzbank's digital revamp will weigh on profitability and capital build-up . Moody's: Commerzbank's planned reorganisation will burden profitability during the 2016-2018 period and restrict capital build-up . Moody's: Commerzbank's revamp over the longer term should help bank to improve leverage, free up capital for investment,reduce earnings volatility .Moody's: views revamp positively over longer term, with Commerzbank reducing balance sheet to below 500 billion euros by 2020, improving leverage ratio.  Full Article

Commerzbank says corporate and SME businesses remain core
Friday, 9 Sep 2016 09:02am EDT 

Commerzbank : Says its corporate and SME businesses remain a cornerstone of the bank's strategy . Statement comes after report that Commerzbank is considering merging its lending business to medium-sized firms into its investment bank. [nL8N1BL1OW] Further company coverage: [CBKG.DE] ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Commerzbank: Stefan Schmittmann to be proposed as Chairman of Supervisory Board
Wednesday, 7 Sep 2016 06:20am EDT 

Commerzbank AG : Commerzbank supervisory board: intends to propose to the Annual General Meeting (AGM) in May 2018 that Stefan Schmittmann be elected to the Supervisory Board as a shareholder representative .AGM shall also be notified that Stefan Schmittmann will be put forward as candidate for position of chairman of supervisory board as the successor to Supervisory Board Chairman Klaus-Peter Mueller.  Full Article

Bafin head says not looking at Commerzbank-Deutsche Bank merger
Thursday, 1 Sep 2016 06:36am EDT 

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 04:45am EDT 

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 01:51am EDT 

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 04:05am EDT 

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 05:56am EDT 

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

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

Return to normalised monetary policy far off -Commerzbank CEO

FRANKFURT, Nov 18 Banks, insurers and consumers are suffering under central banks' low interest rate policies but the situation is unlikely to change any time soon, Commerzbank Chief Executive Martin Zielke said on Friday.