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Commerzbank
major commercial bank / From Wikipedia, the free encyclopedia
Commerzbank AG is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet.[4] The bank is present in more than 50 countries around the world and provides almost a third of Germany's trade finance.[5] In 2017, it handled 13 million customers in Germany and 5 million customers in Central and Eastern Europe. Commerzbank is a member of the Cash Group.[6] 15% of the shares are owned by the Federal Republic of Germany and 85% are in free float.
Quick Facts Company type, Traded as ...
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Company type | Aktiengesellschaft |
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FWB: CBK LSE: CZB | |
ISIN | DE000CBK1001 |
Industry | Financial services |
Founded | February 26, 1870; 154 years ago (1870-02-26) in Hamburg, Germany[1] |
Founders | Theodor Wille et al.[1] |
Headquarters | Kaiserplatz, , |
Area served | Worldwide |
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Revenue | ![]() |
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Total equity | ![]() |
Number of employees | 49,174 (September 2018) |
Capital ratio | 12.9% (2018) |
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Website | commerzbank.com |
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The bank has been subject to several corruption investigations,[7][8] paying $US1.5 billion in fines in 2015.[8]
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