Commerzbank Headquarters
Commerzbank headquarters  

Commerzbank

Commerzbank AG (Frankfurt Stock Exchange: CBK) is the second-largest bank in Germany in terms of total assets. With around 1,000 branches and 49,940 employees, it serves over 17.5 million private and business customers. It has one of the densest branch networks among German private banks. The company’s core markets are Germany and Poland. Outside Germany, it is represented through 23 branches, 34 representative offices and 6 major subsidiaries. In 2009, Commerzbank acquired its rival Dresdner Bank for EUR 9.8 billion from insurer Allianz SE and became the leading bank for private and corporate customers in Germany. The new Commerzbank focuses on Private and Small-Business Customers segment, Corporate Clients segment and Asset & Capital Recovery segment. In 2014, Commerzbank sold commercial real estate financing portfolios in Spain and Japan, as well as the non-performing loan portfolio in Portugal. In 2015, it sold two portfolios of commercial real estate loans to J.P. Morgan and Lone Star. More than 90% of Commerzbank capital is spread over a broad investor base and some 75% is held by institutional investors. As of March 31, 2017, the company’s market capitalization was approximately EUR 11 billion.

Commerzbank Credit Cards:
MasterCard Classic
MasterCard Gold
Premium Credit Card
Prepaid credit card

Financials (EUR bn)

  2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Total assets 480.5 532.7 558.3 550.8 636.0 661.8 754.3 844.1 625.2 616.5 608.3 444.9
Total loans 224.1 230.4 241.2 246.7 272.8 303.9 330.3 368.4 313.7 316.6 316.4 164.6
Operating profit (€m) 1,399 1,942 689 731 1,170 507 1,386 -2,270 -382 2,513 2,649 1,757
Tier 1 capital ratio (%) 13.9 13.8 11.7 13.5 13.1 11.1 11.9 10.5 10.1 6.9 6.7 8.0

Credit Ratings:
Moody’s: A2/Baa1/P-1
Standard & Poor’s: BBB+/BBB+/A-2
Fitch Ratings: A-/BBB+/F2

Headquarters address:
Kaiserplatz
Frankfurt am Main 60261
Germany
Phone: +49 69 13620
Website: www.commerzbank.com

North America
New York Branch
Two World Financial Center
New York, NY 10281 - 1050, USA
Phone: 212 - 266 - 7200
Business Hours: Monday - Friday, 8.30 am - 4.30 pm (EST)
Services: Wholesale banking for corporate and institutional customers and banks.

The New York representative office was opened in 1967 and converted into a branch in 1971, the first German bank branch in the United States. Today the Bank's branches in New York, Atlanta, Chicago and Los Angeles focus on commercial banking while Commerzbank Capital Markets Corporation has been responsible for investment banking for the last four decades.