History
Commerzbank was founded in 1870 as Commerz- und Disconto-Bank in Hamburg. The bank merged in 1920 with the Mitteldeutsche Privat-Bank. In 1929, another merger resulted with the Mitteldeutsche Creditbank.
Further, the government ordered the merger of Commerzbank with the Barmer Bank-Verein Hinsberg, Fischer & Co. in 1932. At present, Commerzbank is Germany's second-largest bank and one of the leading banks in Europe.
Mission
Commerzbank aims to be the 'best bank' for each of its core target groups.
Area of Operation
The businesses of Commerzbank are in the fields of:
- Retail Banking and Asset Management
- Corporate and Investment Banking
- Commercial Real Estate, Public Finance and Treasury
- Financial Institutions
Key Statistics
- Commerzbank holds assets of $569.43 billion.
- Commerzbank has made profits of $1.38 billion in 2006.
- Commerzbank operates in more than 40 countries in Western, Central and Eastern Europe, North America and Asia.
- Commerzbank has roughly 35,000 employees.
Organization
The organization structure of Commerzbank includes:
- Board of Managing Directors
- Supervisory Board
- Corporate Divisions
- Group Management
- Services
- Domestic and Foreign Branch Network
- Cooperation in bancassurance area
- Subsidiaries
The branch structure of Commerzbank is:
- Main Branches
- Regional Branches
- Advisory Centers
- Branches
International Ranking
- Commerzbank ranks 158 in the world according to Forbes Magazine list.
- Commerzbank ranks 311 in Fortune Global 500 list.
Subsidiaries
Commerzbank has many subsidiaries and participations in Germany and abroad and also several foreign holdings.
Recent Acquisition
Commerzbank took over Eurohypo in 2006.
Headquarter Address
Kaiserplatz
D-60261 Frankfurt am Main
Germany
Phone: 49-69-136-20
