Commerzbank AG

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.

Services

Retail Banking
Private Banking and Wealth Management
Corporate Banking
Investment Banking

Products

Financials

Total Assets (2017)
452.50 bln EUR  (-5.83%)
Net Income (2017)
250.00 mln EUR  (-34.55%)

In 2017 total assets of Commerzbank AG were 452,50 bln EUR. In 2017 the bank's net income was 250,00 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 A2 (upper medium grade).

Commerzbank AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Kaiserstraße 16 (Kaiserplatz), 60311, Frankfurt am Main, Germany
69 1362 0

Commerzbank AG is headquartered in Frankfurt Am Main.

Bank Identifiers

BIC (SWIFT)
COBADEFFXXX
MFI ID
DE00003

Business Summary

Eligible Clients
natural persons
business entities
institutional investors
Services
retail banking
private banking and wealth management
corporate banking
investment banking
Products
current accounts
mortgage loans (0.78 - 0.78 %)

Commerzbank AG provides products and services in the areas of retail banking, private banking and wealth management, corporate banking, investment banking. The range of products offered by Commerzbank AG includes current accounts, mortgage loans (0.78 - 0.78 %). Commerzbank AG makes its solutions available to natural persons, business entities, institutional investors.

Products

Current Accounts

Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. Current accounts are often offered with a payment card (a debit card and/or a credit card) and may also include overdraft possibility. Annual costs of having a current account (also known as account management fees) can depend on monthly income input to the account or amount of money deposited into the account.

Current accounts made with Commerzbank AG are covered by deposit guarantee scheme of Germany up to 100 000 EUR per depositor. The following current accounts are offered by Commerzbank AG.

Updated on 24 September 2018

Vorteilskonto
Sales Region
Germany
Account Currency
EUR
Annual Costs (EUR)
0
Overdraft Rate (p.a.)
9.75 %
Current Account Details
Product Name
Vorteilskonto
Account Currency
EUR
Overdraft Rate (p.a.)
9.75 %
Debit Card
Visa Credit Card
MasterCard Credit Card
Telephone Banking
Branch Banking
Online Banking

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Mortgage Loans

Mortgage loans are secured loans used for real estate financing purposes (for example, purchase of a new or existing property, construction of an own property, property renovation) without paying the entire value up front. A mortgage loan is secured by the collateral of specified real estate property and is repaid in installments. Mortgage loans offered by Commerzbank AG are shown in the table below.

Updated on 24 September 2018

Immobilienfinanzierung
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
0.78 %
Borrowing Amount (EUR)
100000 - 100000
Lending Amount (%)
60.00 %
Loan Term (years)
10

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Financial Positions

Total Assets (2017)
452.50 bln EUR  (-5.83%)

In 2017 total assets of Commerzbank AG were 452.50 bln EUR. Decline compared to the previous period (2016) was -5.83%. The evolution of the total assets of Commerzbank AG is shown at Chart 1 below.

Total Assets of Commerzbank AG.

Chart 1. Total Assets of Commerzbank AG.

Profit and Loss

Net Income (2017)
250.00 mln EUR  (-34.55%)

In 2017 net income of Commerzbank AG was 250.00 mln EUR. Decline compared to the previous period (2016) was -34.55%. The evolution of the net income of Commerzbank AG is shown at Chart 2 below.

Net Income of Commerzbank AG.

Chart 2. Net Income of Commerzbank AG.

Credit Ratings (as of May 2018)

Fitch Moody's
BBB+ (good credit quality) A2 (upper medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Commerzbank AG is rated by Fitch and Moody's.

Credit ratings assigned to Commerzbank AG as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Commerzbank AG it is set to BBB+ (good credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Commerzbank AG is set to F2 (good short-term credit quality).

Long-Term Issuer Default Rating  BBB+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  bbb+
Support Rating  5
Support Rating Floor  NF

Viability rating for Commerzbank AG is set to bbb+ (good fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for Commerzbank AG it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Baseline credit assessment is baa3. Short-term rating is not assigned.

Long-Term Rating  A2
Long-Term Bank Deposit Rating  A2
Baseline Credit Assessment  baa3
Short-Term Rating  -
Outlook  positive

Outlook for the ratings of Commerzbank AG is set to positive (may be raised).

Deposit Guarantee

Deposit Guarantee
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 credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.

In the case of Commerzbank AG 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

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Commerzbank AG and its components are shown in the table below.

BIC  COBADEFFXXX
Bank BIC Code  COBA
Country Code  DE (Germany)
Location Code  FF
Branch Code  XXX

MFI ID

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 AG is shown in the table below.

MFI ID  DE00003

European Presence: 16 banks in 14 countries

Commerzbank AG operates under the brand name Commerzbank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Austria

Belgium

Cayman Islands

Czech Republic

France

Germany

  •  (this bank) Commerzbank AG (Frankfurt am Main)

Hungary

Italy

Luxembourg

Netherlands

Slovakia

Spain

Switzerland

United Kingdom

Defunct Banks: 1 bank in 1 country

The following banks operating under Commerzbank brand name has been recently closed down:

France