Founded in 1870, Commerzbank is an international commercial bank with branches and offices in more than 50 countries. The core markets of Commerzbank are Germany and Poland. Commerzbank offers its products and services to private and corporate clients, as well as institutional investors. Commerzbank operates as a branch of COMMERZBANK AG (Germany).
In 2016 total assets of Commerzbank were 41 483,00 mln CZK. In 2016 the bank's net income was 386,00 mln CZK.
Commerzbank participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Commerzbank is located in Praha 2.
|Total Assets (2016)|
|41 483.00 mln CZK (+26.51%)|
In 2016 total assets of Commerzbank were 41 483.00 mln CZK. Growth compared to the previous period (2015) was 26.51%. The evolution of the total assets of Commerzbank is shown at Chart 1 below.
Chart 1. Total Assets of Commerzbank.
Recent changes in total assets of Commerzbank and its main components are shown in Table 1.
|Cash and deposits with Central Banks||115.0||1 782.0||+1 449.57%|
|Loans to banks||14 839.0||22 087.0||+48.84%|
|Loans to customers||17 423.0||17 157.0||-1.53%|
|Bonds and other fixed-income securities||0.0||0.0||0.00%|
|Total Assets||32 790.0||41 483.0||+26.51%|
|Table 1. Recent changes in total assets of Commerzbank (mln CZK).|
Recent changes in total liabilities of Commerzbank and its main components are shown in Table 2.
|Bank deposits||20 639.0||27 412.0||+32.82%|
|Customer deposits||11 177.0||12 977.0||+16.10%|
|Total Liabilities||32 790.0||41 483.0||+26.51%|
|Table 2. Recent changes in total liabilities of Commerzbank (mln CZK).|
|Net Income (2016)|
|386.00 mln CZK (+19.50%)|
Recent changes in gross profit of Commerzbank and its main components are shown in Table 3.
|Net Interest Income||429.0||469.0||+9.32%|
|Net Commission Income||240.0||248.0||+3.33%|
|Table 3. Recent changes in gross profit of Commerzbank (mln CZK).|
In 2016 net income of Commerzbank was 386.00 mln CZK. Growth compared to the previous period (2015) was 19.50%. The evolution of the net income of Commerzbank is shown at Chart 2 below.
Chart 2. Net Income of Commerzbank.
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All branches of foreign banks operating in the Czech Republic participate in deposit guarantee schemes of their home countries. This means that Commerzbank participates in the deposit guarantee scheme of Germany.
In the case of Commerzbank failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Covered Accounts||all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)|
|Covered Currencies||EU currencies|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of Commerzbank is shown in the table below.
The following banks operating under Commerzbank brand name has been recently closed down: