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.
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.
Commerzbank AG is headquartered in Frankfurt Am Main.
private banking and wealth management
|mortgage loans (0.88 - 0.88 %)|
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 mortgage loans (0.88 - 0.88 %). Commerzbank AG makes its solutions available to natural persons, business entities, institutional investors.
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 17 July 2018
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.
|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.
Chart 1. Total Assets of Commerzbank AG.
|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.
Chart 2. Net Income of Commerzbank AG.
|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.
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+|
|Short-Term Issuer Default Rating||F2|
|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).
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 Bank Deposit Rating||A2|
|Baseline Credit Assessment||baa3|
Outlook for the ratings of Commerzbank AG is set to positive (may be raised).
|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|
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.
|Bank BIC Code||COBA|
|Country Code||DE (Germany)|
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.
The following banks operating under Commerzbank brand name has been recently closed down: