Full Description

COMMERZBANK AG (COMMERZBANK) is engaged in the provision of a range of services to private and Mittelstand customers in Germany, such as account administration and payment transactions, lending, savings and investment products, securities services, and capital market and investment banking products and services. The Bank operates through its subsidiaries. As of July 17, 2009, the Company was organized in six segments: Private Customers, Mittelstandsbank, Central and Eastern Europe, Corporates and Markets, Commercial Real Estate, and Others and consolidation. The Company operates a branch network with a total of 1,540 branches at March 31, 2009. Its German subsidiaries include comdirect bank (comdirect bank), in which COMMERZBANK holds an indirect 80.5% interest, Commerz Real AG (Commerz Real), which is wholly owned, and Eurohypo, another indirect 100% subsidiary. On January 12, 2009, COMMERZBANK acquired from Allianz 92.9% interest in Dresdner Bank.