Commerzbank AG

 (3.3; 12 ratings)
3.3 12

Business Focus

universal banking

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.

Services

retail banking
private banking and wealth management
corporate banking
investment banking

Clients

natural persons
business entities
institutional investors

Area Served

DEGermany

Products

debit cards
savings accounts
time deposit accounts
consumer loans
mortgage loans
trading accounts

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

See Also

Account Opening

Becoming a client of Commerzbank AG can be done in a few steps:

1.
Book an appointment
2.
Visit bank branch


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.

Ways to Bank

Commerzbank AG delivers its products and services through both direct and indirect channels, namely:
branch
online banking
mobile app

Common Shares

Listed Entity
Commerzbank AG
ISIN
DE000CBK1001
Stock Exchange
XETRAXETRA (XETR)
Ticker
CBK

See Also

Financials

Total Assets of Commerzbank AG
Net_income of Commerzbank AG
Market Share of Commerzbank AG
Total Assets (2018)
462.40 bln EUR  (+2.19%)
Net Income (2018)
968.00 mln EUR  (+287.20%)

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.

Credit Ratings

Fitch: BBB
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: A1
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

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).

Deposit Guarantee

Guarantee Fund
Entschädigungseinrichtung deutscher Banken GmbH (EdB)Entschädigungseinrichtung deutscher Banken GmbH (EdB)
Protected Amount
up to 100,000 EUR
Eligible Depositors
individuals
companies
Covered Accounts
all deposit accounts

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.

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
LEI
851WYGNLUQLFZBSYGB56
MFI ID
DE00003