Commerzbank AG - Company Profile
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Commerzbank AG (Commerzbank) is a financial institution that offers a wide range of banking services. The bank's main activities include providing financing for energy-efficient buildings, developing products and services based on customer surveys, and involving customers through various advisory councils. Commerzbank's major services include green mortgage loans and a range of products for corporate clients. The bank serves private and small-business customers, as well as corporate clients, with a focus on energy efficiency and customer-centric product development. It operates through various foreign branches and significant group companies, indicating a broad distribution network. The bank has a global presence, with operations in cities such as Amsterdam, Beijing, London, New York, and Singapore, among others. Commerzbank is headquartered in Frankfurt, Hessen, Germany.
Commerzbank AG premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Accounts and Deposits: | Electronic Banking | mbank |
Current Account | Payment Management | Commerzbank |
Savings Account | Credit Management Solutions | |
XYZ | XYZ | |
XYZ | XYZ | |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | New Products/Services | In April, the bank introduced a new strategic X-Border Payments Initiative. |
2024 | Contracts/Agreements | In March, the bank signed an agreement to acquire 18% of the shares of NIXDORF Kapital AG. |
2024 | Contracts/Agreements | In January, the bank expanded its partnership with Worldline to provide instant payments in European countries. |
Competitor Comparison
Key Parameters | Commerzbank AG | Deutsche Bank AG | DZ Bank AG | Bayerische Landesbank | UniCredit Bank AG |
---|---|---|---|---|---|
Headquarters | Germany | Germany | Germany | Germany | Germany |
City | Frankfurt Am Main | Frankfurt Am Main | Frankfurt am Main | Munich | Munich |
State/Province | Baden-Wurttemberg | Baden-Wurttemberg | Hessen | Bayern | Bayern |
No. of Employees | 42,000 | 90,130 | 33,524 | 8,491 | 10,866 |
Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Jens Weidmann | Chairman | Executive Board | 2023 | - |
Manfred Knof | Chief Executive Officer | Senior Management | 2021 | - |
Bettina Orlopp | Chief Financial Officer; Deputy Chief Executive Officer | Senior Management | 2021 | - |
Jorg Oliveri del Castillo-Schulz | Chief Operating Officer | Senior Management | 2022 | - |
Bernhard Spalt | Chief Risk Officer | Senior Management | 2024 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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