In addition to the publication of the q3 2023 results, Commerzbank gave an update on the Bank’s strategy in the years to come on 8 November 2023.
News
Commerzbank and Global Payments announce Joint Venture (11.1.2024)
Partnership combines Commerzbank’s strong position serving small and medium size German businesses and Global Payments’ leading payment technology and software capabilities
Joint venture will offer digital payment services for merchants
Good perspectives for the English Theatre (10.1.2024)
City of Frankfurt, English Theatre, Commerzbank and CapitaLand in agreement
English Theatre should return to current site after building refurbishment
Change in the HR department of Commerzbank: Matthias Füssel, Head of HR at ING Germany, to succeed Martin Fischedick (8.1.2024)
Matthias Füssel, currently Head of Human Resources at ING-DiBa AG Germany and a member of the ING Group's Global HR Management Team, will take over as Executive Management Board Member GM-HR with effect from 1 July 2024.
SREP capital requirements for Commerzbank determined for 2024 – distance to MDA threshold remains comfortable (8.12.2023)
Pillar 2 capital requirement (P2R) set to 2.25%
Maximum Distributable Amount (MDA) threshold for Common Equity Tier 1 pro forma at 10.27% of RWA
Additional own funds requirement for leverage ratio (SREP P2R-LR) set at 0.1% for the first time
CFO Bettina Orlopp: "The requirements are fully reflected in our strategic planning and capital return policy."