Commerzbank AG
This is Commerzbank – A well-integrated major bank
Commerzbank was founded in 1870 as "Commerz- und Disconto-Bank". It has a broad and comprehensive branch network in Germany. In Munich, Commerzbank has a main regional branch and 14 additional branches.
After the acquisition of Eurohypo, Europe's largest specialist provider for real estate and public finance, Commerzbank is now German's second-largest lender. It sees itself as an expert provider of financial services particularly to personal clients and small and medium-sized enterprises (SMEs), but also to large corporate clients, institutions and multinationals. Commerzbank’s stated objective is to enhance its market share among these core target groups and, in particular, to be the number one bank for Germany’s SME market.
It can offer its clients a broad range of advisory and other services. Subsidiaries operate in specialized areas such as asset management, real estate, leasing or factoring.
The bank also has a direct presence in the major international economic and financial centres, through subsidiaries, branches and representative offices. In addition, it has a network of relationships with over 5,000 banks throughout the world. Commerzbank's international operations are focused on institutional and corporate clients. In some centres, wealthy individuals are also catered for. The bank has particular expertise in providing support to its SME clients in their operations abroad. It transacts 16% of German foreign trade and thus has a relatively large share of the market in this area.
More than 90% of Commerzbank's equity capital is widely dispersed; around 75% is held by institutional investors.
The above data relate to 2007.
After the acquisition of Eurohypo, Europe's largest specialist provider for real estate and public finance, Commerzbank is now German's second-largest lender. It sees itself as an expert provider of financial services particularly to personal clients and small and medium-sized enterprises (SMEs), but also to large corporate clients, institutions and multinationals. Commerzbank’s stated objective is to enhance its market share among these core target groups and, in particular, to be the number one bank for Germany’s SME market.
It can offer its clients a broad range of advisory and other services. Subsidiaries operate in specialized areas such as asset management, real estate, leasing or factoring.
The bank also has a direct presence in the major international economic and financial centres, through subsidiaries, branches and representative offices. In addition, it has a network of relationships with over 5,000 banks throughout the world. Commerzbank's international operations are focused on institutional and corporate clients. In some centres, wealthy individuals are also catered for. The bank has particular expertise in providing support to its SME clients in their operations abroad. It transacts 16% of German foreign trade and thus has a relatively large share of the market in this area.
More than 90% of Commerzbank's equity capital is widely dispersed; around 75% is held by institutional investors.
The above data relate to 2007.
Facts & Figures
Foundation: 1870Employees: 36,767
Balance-sheet total: 616,5 EUR bn
Operating profit: 2,513 EUR million
Consolidateg surplus: 1,917 EUR million
