Q3 2020 Results Q3 2020 Results

On 5 November 2020, Commerzbank published its Q3 2020 Interim Report. Press release and presentations on the results for Q3 are available on this website.

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News

Commerzbank reports stable customer business and strong capital ratio in spite of corona (05.11.2020)

Underlying revenues in Q3 at €2.1bn (Q3 2019: €2.2bn)

Operating expenses continued to fall to €1.52bn (Q3 2019: €1.56bn) despite IT investments

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Supervisory Board of Commerzbank: Nicholas Teller steps down from his mandate; Andreas Schmitz is to be appointed as his successor (04.11.2020)

Nicholas Teller steps down on 31 December 2020

Hans-Jörg Vetter: “I am delighted that we have been able to attract Andreas Schmitz as a well-established expert in the financial sector to our Supervisory Board.”

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Commerzbank completes full takeover of comdirect (02.11.2020)

Commerzbank has successfully completed the full takeover of comdirect bank Aktiengesellschaft (“comdirect”)

Today, on 2 November 2020, the merger was entered in the Commercial Register of Commerzbank and therefore became effective

Following the merger, Commerzbank and comdirect will initially continue to operate their service offering as before

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EIB Group and Commerzbank join forces to support small and mid-sized companies in COVID-crisis (01.10.2020)

EIB Group securitisation will enable Commerzbank to lend up to €500 million to small and mid-sized businesses in Germany in response to COVID-19

The operation is backed by an EFSI guarantee under the Investment Plan for Europe

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Commerzbank: Manfred Knof to become the new Chairman of the Board of Managing Directors (26.09.2020)

Manfred Knof to succeed Martin Zielke from 1 January 2021

Vetter: “I am pleased that we have been able to win Manfred Knof for the role of Commerzbank’s CEO.”

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Annual General Meeting

The recording (German language) is available here.

Recording

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