Founded in 1870, Commerzbank is an international commercial bank with branches and offices in more than 50 countries. Commerzbank's core markets are Germany and Poland. Commerzbank offers its products and services to private and corporate clients, as well as institutional investors.
Becoming a client of Commerzbank AG can be done in a few steps:
Due to regulatory requirements Commerzbank AG performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Commerzbank AG will ask him/her to provide the following documents: passport; proof of address. For corporate clients Commerzbank AG will ask to provide corporate documentation as well as information about controlling persons. Commerzbank AG may request additional documentation or information depending on the case. Commerzbank AG performs client's identity verification via branch visit.
Commerzbank AG is the 3rd largest bank in Germany in terms of total assets. In 2018 its total assets were 462,40 bln EUR, providing the bank with the market share of 6.51%. In 2018 the bank's net income was 968,00 mln EUR.
Commerzbank AG is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade).
Commerzbank AG participates in the deposit guarantee scheme of Germany. This deposit guarantee scheme applies to all deposit accounts made by individuals, companies and covers up to up to 100,000 EUR per bank per depositor. Commerzbank AG is a member of Entschädigungseinrichtung deutscher Banken GmbH (EdB) and makes its contributions into it.
Commerzbank AG is headquartered in Frankfurt Am Main.