Commerzbank AG

Commerzbank AG is a prominent financial institution in Germany. It was founded in 1870 in Hamburg, Germany, under the name "Commerz- und Disconto-Bank." Since then, it has grown to become one of the country's leading banks, providing a wide range of financial services to individuals, businesses, and institutional clients.

With its headquarters in Frankfurt, Commerzbank operates a vast network of branches and offices throughout Germany, as well as maintaining a global presence through its international offices. The bank is known for its commitment to innovation and digital transformation, aiming to provide efficient and modern banking solutions to meet the evolving needs of its customers.

The bank operates through two business segments: Private and Small-Business Customers, and Corporate Clients, offering a comprehensive range of financial services. With its strong presence in nearly 40 countries, Commerzbank facilitates around 30% of Germany's foreign trade, primarily focusing on the Mittelstand, large corporates, and institutional clients.

Commerzbank is the fourth-largest in Germany by total assets, with assets totaling approximately €477.4 billion at the end of 2022. According to the financial report of the year 2022, the Group's operating profit surged by 77.5% to approximately €2.1 billion. Net profit more than tripled, reaching €1.435 billion, which marked the best result in over a decade. The achieved profit exceeded the initial forecast of one billion euros by a significant margin.

Founded: 1870
Headquarters: Kaiserplatz, 60261 Frankfurt am Main, Germany
Website: https://www.commerzbank.com/