Chief Risk Officer Marcus Chromik: “Through our ‘Strategy 2024’, we have sustainably strengthened the Bank’s profitability and thus improved our resilience even further.”
News
Supervisory Board appoints Bernd Spalt as new Chief Risk Officer of Commerzbank (11.9.2023)
At its meeting today, the Supervisory Board of Commerzbank has appointed Bernd Spalt as the new Chief Risk Officer to the Board of Managing Directors, with effect from 1 January 2024.
Commerzbank supports sustainability fair IMPACT FESTIVAL (7.9.2023)
Commerzbank subsidiary neosfer hosting Europe’s largest business-to-business trade fair for sustainable innovations on 13 and 14 September 2023 in Offenbach/Main
IMPACT FESTIVAL offers companies, greentech start-ups, investors, and sustainability experts platform for networking
Fair’s purpose is to shape and accelerate green transformation
Commerzbank with strong first half of the year – net profit increased by almost 50% to €1.1 billion (4.8.2023)
Operating result up by 19% to €888 million in Q2, net profit increased by 20% to €565 million
Q2 revenues improved by 9% to €2.6 billion with strong contributions from customer business and momentum due to higher interest rates – burdens in Poland offset
Costs reduced by 2% to €1.5 billion (Q2 2022: €1.6 billion) – cost-income ratio in the first half of the year at 61% (H1 2022: 64%)
Q2 risk result of minus €208 million (Q2 2022: minus €106 million) in line with expectations – credit quality remains high
CET1 ratio increased to 14.4% – Bank to apply to ECB and German Finance Agency for approval of further share buyback
Full year outlook for net interest income increased to at least €7.8 billion – net profit for 2023 expected well above 2022
Commerzbank founds asset management company Yellowfin to manage large asset volumes (1.8.2023)
Offering geared to institutional investors, corporate clients, and high-net-worth individuals
Managed assets of more than €10 billion with high growth momentum
Private and Small-Business Customers board member Thomas Schaufler: “Yellowfin unites the very individual relationship management and the short decision-making paths of an investment boutique with the high process quality of Commerzbank.”
