Commerzbank AG is the second largest credit institution in Germany, and one of Europe's major banks. Commerzbank is mainly active in commercial banking, retail banking and mortgaging. Investment banking, capital market, equities, and corporate banking operations are now integrated as a division of the Commerzbank group. Total assets: €738 billion (as of September 30, 2011). Net profit: €1.43 billion (2010).
Commerzbank holds a nationwide network of branch offices throughout Germany and numerous branch offices in the EU and Europe. EuroHypo AG, international bank for commercial real estate and public sector finance, is an integral part of Commerzbank. Commerzbank has above 60 offices in 50 countries and serves more than 14 million private clients as well as one million business and corporate clients worldwide.
In 2009 Dresdner Bank merged into Commerzbank, bringing with it the Dresdner Kleinwort subsidiary.
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Commerzbank :: Press Releases
04.11.2011 Commerzbank reports third quarter 2011 net loss of €687 million, compared with net profit of €113 million in third quarter 2010.
06.05.2011 Commerzbank reports first quarter 2011 operating profit of €1.14 billion (approx. US$ 1.7 billion), compared to €771 million in the first quarter 2010. More
23.02.2011 Net profit (IFRS) attributable to Commerzbank shareholders amounted to EUR 1.4 billion in the full year 2010; in the fourth quarter of 2010 it came to EUR 257 million.
05.08.2010 Commerzbank posts a net profit of EUR 1.1 bn in the first half of 2010. More
27.07.2010 Commerzbank has passed the CEBS stress test. More
Financial News
Citi gets approval to issue credit cards in China - 06.02.2012 The China unit of Citigroup Inc said on Monday that it has received regulatory approval to issue credit cards in China, the first non-Asian bank to receive permission. Source: Reuters
Three Swiss bankers indicted by U.S. in tax crackdown - 09.01.2012 U.S. authorities are moving toward taking legal action against Wegelin & Co., which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case. Source: Reuters
Islamic finance assets to hit US$ 1.1 trillion in 2012 - 22.11.2011 Islamic finance assets around the world are expected to climb 33% from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday. Source: Reuters
Spanish bank ratings downgraded by Fitch and S&P - 12.10.2011 Two leading credit rating agencies have downgraded some of Spain's largest banks, citing a deteriorating outlook for the Spanish economy. Source: BBC News
Spotlight on Islamic Retail Banking – strategies for fast growing industry - 07.10.2011 Islamic Banking is young but fast growing industry what brings challenges as need for standardization, expanding at the market, lack of public awareness about Islamic Banking (misinterpretation) and limited resources of qualified people in this particular industry. Source: Fleming Gulf
JBIC inks $43bn credit line pact with Japan banks - 05.10.2011 The Japan Bank for International Cooperation (JBIC) said Wednesday that it has signed separate pacts with three major Japanese banks to give them a combined $43 billion, or Y3.3 trillion, credit line, as part of the government's steps to encourage companies to go ahead with M&As overseas. Source: Nikkei