Commerzbank Zrt

Anna Mileiko Created by Anna Mileiko

Commerzbank Zártkörűen Működő Részvénytársaság Logo

Address

Széchenyi rakpart 8., 1054, Budapest 05. ker., Hungary

BIC

COBAHUHXXXX

Overview

Category

Commercial banks

Business Focus

corporate 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. Commerzbank Zrt was serving German companies that are active in Hungary and Hungarian companies that have connections to Germany since 1993. In December 2022, Commerzbank Zrt was sold to Erste Bank Hungary Zrt.

Performance

In 2021, Commerzbank Zrt achieved the position of 21st largest bank in Hungary with a market share of 0.59%; its total assets dropped by 15.75%.

Deposit Protection

Deposits up to 100,000 EUR are covered by Hungarian deposit guarantee scheme in Commerzbank Zrt.

Financials

Total Assets of Commerzbank Zrt
Net_income of Commerzbank Zrt
Market Share of Commerzbank Zrt
Total Assets (2021)
332.99 bln HUF   (-15.75%)
Net Income (2021)
-1,437,551,077.00 HUF

Commerzbank Zrt was the 21st largest bank in Hungary in terms of total assets. In 2021 its total assets were 332,99 bln HUF, providing the bank with the market share of 0.59%. In 2021 the bank's net income was -1 437,55 mln HUF.

Deposit Guarantee

Guarantee Fund
National Deposit Insurance Fund (NDIF)National Deposit Insurance Fund (NDIF)
Protected Amount
up to 100,000 EUR
Eligible Depositors
natural persons (Hungarian and foreign)
legal entities
Covered Accounts
current accounts
savings accounts
time deposit accounts

Commerzbank Zrt participates in the deposit guarantee scheme of Hungary which applies to current accounts, savings accounts, time deposit accounts made by natural persons (Hungarian and foreign), legal entities and covers up to up to 100,000 EUR per bank per depositor. Commerzbank Zrt is a member of National Deposit Insurance Fund (NDIF) and makes its contributions into it.

See Also

Commerzbank Zrt is a member of Commerzbank (Germany).

Contacts

addressSzéchenyi rakpart 8., 1054, Budapest 05. ker., Hungary

Commerzbank Zrt was headquartered in Budapest 05. Ker..

See Also

Bank Identifiers

BIC (SWIFT)
COBAHUHXXXX
LEI
529900K2KCVSWPYYRR49
MFI ID
HU10816291

Bank Supervision

Supervised By
Magyar Nemzeti Bank

Commerzbank Zrt was authorized and supervised by the Magyar Nemzeti Bank.

Bank History

Close Date
November 2023
Flag of Hungary

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