Commerzbank facts for kids
|Traded as||FWB: CBK
|Founded||February 26, 1870Hamburg, Germanyin|
|Founders||Theodor Wille et al.|
|Revenue||€8.57 billion (2018)|
|€1.245 billion (2018)|
|€865 million (2018)|
|Total assets||€462 billion (2018)|
|Total equity||€29 billion (2018)|
Number of employees
|49,174 (September 2018)|
|Capital ratio||12.9% (2018)|
Commerzbank AG is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet. The bank is present in more than 50 countries around the world and provides almost a third of Germany's trade finance. In 2017, it handled 13 million customers in Germany and 5 million customers in Central and Eastern Europe. Commerzbank is a member of the Cash Group. 15% of the shares are owned by the Federal Republic of Germany and 85% are in free float.
The bank has been subject to several corruption investigations, paying $US1.5 billion in fines in 2015.
Commerzbank is Germany's fourth-largest bank by total assets.
Images for kids
Former seat of Hessischer Bankverein in Kassel which was taken over in 1922, the building is used since then by Commerzbank
Commerzbank Facts for Kids. Kiddle Encyclopedia.