Commerzbank: Stefan Schmittmann to be proposed to the 2018 AGM as the successor to Supervisory Board Chairman Klaus-Peter Müller (25-7-2016)
The Supervisory Board intends to propose to the Annual General Meeting (AGM) in May 2018 that Stefan Schmittmann, formerly member of Commerzbank's Board of Managing Directors, and Tobias Guldidmann be elected to the Supervisory Board as shareholder representatives. Moreover, Schmittmann is intended to be put forward as candidate for the position of Chairman of the Supervisory Board.
Commerzbank has maintained its solid market position and posted an operating profit of 342 million euros in Q2. The Bank sustains a healthy risk profile with a very good NPL ratio of 1.4 per cent.
Commerzbank has attained a solid result in the Stress Test performed by the European Banking Authority (EBA). In the baseline scenario of the Stress Test Commerzbank has posted a Common Equity Tier 1 ratio (CET 1) of 13.1%. In the so-called adverse scenario of the Stress Test the Common Equity Tier 1 ratio was 7.4%.
Interview CFO Stephan Engels
CFO Stephan Engels on the Q2 figures 2016