Commerzbank AG (CBKG.DE)
24 Feb 2017
LONDON, Feb 23 Commerzbank’s Graham Lofts will leave his role as head of international loan origination after eight years to join the bank’s Corporates International division as country manager UK Corporates International.
(The following statement was released by the rating agency) FRANKFURT/LONDON, February 21 (Fitch) Fitch Ratings has affirmed Commerzbank AG's (CBK) Long-Term Issuer Default Rating (IDR) at 'BBB+', Viability Rating (VR) at 'bbb+' and Short-Term IDR at 'F2'. The Outlook is Stable. A full list of rating actions is available at the end of this rating action commentary. KEY RATING DRIVERS IDRS, VR AND SENIOR DEBT The IDRs of CBK are driven by its VR, which reflects CBK's modest profitability, so
* Follows disappointing Deutsche Bank earnings last week (Recasts, adds CEO comments)
FRANKFURT, Feb 9 Commerzbank reported flat revenues and earnings for the fourth quarter on Thursday, hit by the impact of low interest rates coupled with weak loan demand from German companies.
PARIS France's Societe Generale said on Friday it has agreed to sell its German online broker Onvista AG to Commerzbank's online banking unit Comdirect bank AG, as part of its plan to focus on its core and profitable operations.
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.
FRANKFURT/ZURICH Swiss precious metals refiner Argor-Heraeus [ARGOR.UNL] has been put up for sale, sources close to the matter told Reuters, with the potential for bids to push as high as $490 million.
FRANKFURT, Nov 4 Britain's decision to leave the European Union has boosted Frankfurt's real estate market, Commerzbank's Chief Financial Officer Stephan Engels said.
* Shares down 0.6 pct (Releads, adds share price, analyst comment)
* Is confident of meeting SREP capital requirements in 2017, 2018