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Commerzbank facts for kids

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Commerzbank AG
Aktiengesellschaft
Traded as FWBCBK
LSECZB
ISIN DE000CBK1001
Industry Financial services
Founded February 26, 1870; 151 years ago (1870-02-26) in Hamburg, Germany
Founders Theodor Wille et al.
Headquarters Kaiserplatz, ,
Area served
Worldwide
Key people
  • Manfred Knof
    (Chairman of the Board of Managing Directors)
  • Hans-Jörg Vetter
    (Chairman of the Supervisory Board)
Services
Revenue Decrease 8.57 billion (2018)
Operating income
Increase €1.245 billion (2018)
Increase €865 million (2018)
Total assets Increase €462 billion (2018)
Total equity Decrease €29 billion (2018)
Number of employees
49,174 (September 2018)
Capital ratio 12.9% (2018)
Rating
  • bbb+ (S&P Global)
  • baa3 (Moody's)
  • bbb+ (Fitch)

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 (2009)
The logo of Commerzbank

Commerzbank is a German banking and financial services company. It is headquartered in Frankfurt, Hesse, Germany. The bank was founded in 1870.

Commerzbank is Germany's fourth-largest bank by total assets.

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