Profile: Commerzbank AG (CRZBY.PK)
Commerzbank AG, incorporated on October 17, 1952, is a bank for private and corporate customers. The Bank's business segments are Private Customers, Mittelstandsbank, Central & Eastern Europe, Corporates & Markets and Non-Core Assets. The Private Customers segment comprises the Private Customers, Direct Banking and Commerz Real Group divisions. The Mittelstandsbank segment is divided into the three Group divisions: Mittelstand Germany, Large Corporates & International, and Financial Institutions. The Central & Eastern Europe (CEE) segment comprises the universal banking and direct banking activities. The Corporates& Markets consists of four main businesses: Equity Markets & Commodities; Fixed Income & Currencies; Corporate Finance, and Credit Portfolio Management. The Non-Core Assets (NCA) segment groups together the results from Commercial Real Estate, Public Finance (including Private Finance Initiatives) and Deutsche Schiffsbank (DSB) divisions.
The Private Customers division combines the branch business with retail and corporate customers, and private banking. Its national network of local branches offers a range of banking products, including loan, deposit, securities, payment and pension products. Wealth Management provides services to wealthy clients in Germany and abroad and also contains its portfolio management activities. The focus is on services, such as securities and portfolio management, credit management, and loans and real estate management. It also provides advice on trust and inheritance issues, and corporate investments. Moreover, this segment includes Commerz Direktservice GmbH, which provides call center services for Commerzbank customers. The joint venture Commerz Finanz, which is focused on consumer lending, is managed centrally by the Private Customers segment. The Direct Banking division comprises the activities of the comdirect bank Group. Commerz Real also contains the warehouse section, apart from the shipping portfolio. Its product range comprises open-ended real estate funds (hausinvest), asset structuring of investment products for private and institutional investors (real estate, infrastructure including tankers, aircraft, rolling stock and renewable energy), asset structuring of financing products and equipment leasing.
The Company's service offering in the Mittelstandsbank segment includes payments and cash management solutions, financing solutions, interest rate and currency management products, professional investment advisory services and innovative investment banking solutions. The Mittelstand Germany division serves small and mid-sized customers, the public sector and institutional clients. In the Large Corporates and International division, it focuseson serving corporate groups. The Large Corporates and International division also contains the center of competence for customers from the energy sector. The Financial Institutions division is responsible for relationships with banks and financial institutions in Germany and abroad, as well as with central banks.
Central & Eastern Europe
The Central & Eastern Europe (CEE) segment includes in particular its Polish subsidiary mBank. mBank offers banking products for corporate customers, as well as financial services for private customers in Poland, the Czech Republic and Slovakia.
Corporates & Markets
The Fixed Income and Currencies division handles trading and sales of interest rate, credit and currency instruments. The Corporate Finance division provides arrangement and advisory services for equity, debt and hybrid instruments, securitization solutions, and mergers and acquisitions. Credit Portfolio Management is responsible for managing the counterparty risks arising from the lending and trading transactions of Corporates & Markets segment on a global basis. The assets transferred from the Portfolio Restructuring Unit are also included in this division. The Corporates & Markets segment also houses Client Relationship Management, which is responsible for servicing German multinational industrial companies, German and international insurers, private equity investors, sovereign wealth funds and public sector customers.
The Commercial Real Estate belongs almost entirely, and Public Finance predominantly, to the Commerzbank subsidiary Hypothekenbank Frankfurt AG. The DSB division contains the ship financing business of the Commerzbank Group, including all ship financing activities of the former Deutsche Schiffsbank AG. The NCA segment also comprises the ship portfolio of Commerz Real AG.
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