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Commerzbank AG
XMUN:CBK

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Commerzbank AG
XMUN:CBK
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Price: 42.18 EUR -0.87% Market Closed
Market Cap: €29.8B

Commerzbank AG
Investor Relations

Commerzbank AG is a German commercial bank that serves both companies and individual customers. It offers everyday banking, savings products, mortgages, business loans, trade finance, payment services, and foreign exchange services. For larger clients, it also helps with capital markets, interest-rate and currency risk management, and other corporate finance needs. The bank makes money mainly by charging interest on loans, earning fees for payment, account, and advisory services, and taking spreads on deposit and funding activities. Its main customers are small and medium-sized businesses, larger corporate clients, and retail customers in Germany, with some international business tied to German trade and commerce. What sets Commerzbank apart is its role as a relationship bank for the German economy, especially for export-oriented companies and mid-sized firms that need both lending and trade-related services. It sits between ordinary deposit-taking banks and specialized capital markets firms, giving it a mix of stable banking income and fee-based corporate services.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Aug 6, 2026
AI Summary
Q2 2026

Record half-year: Commerzbank said first-half 2026 was a record period, with revenue up 7% to EUR 6.5 billion and net result up 40% to EUR 1.8 billion.

Outlook confirmed: Management reaffirmed full-year 2026 guidance, including revenue of about EUR 13.2 billion, net result of at least EUR 3.4 billion, and a cost-income ratio of around 53%.

Capital returns: The bank plans EUR 3.2 billion of capital return for 2026, including a share buyback of up to EUR 1.2 billion, and said at least 50% of the return will be paid as dividends.

UniCredit talks: Management said it is open to constructive discussions with UniCredit after the tender offer, but stressed it will continue to protect Commerzbank’s strategy and minority shareholders.

Business momentum: Growth was broad-based, led by fee income, Corporate Clients, and strong securities activity in Private and Small Business Customers.

AI and efficiency: The bank said AI investments are already delivering benefits, including rollout of tools to all employees and an AI assistant to around 2,800 staff.

Capital tailwind: Commerzbank expects a mid- to high single-digit billion reduction in RWA from internal model changes, with the benefit phasing in through Q2 2027.

Key Financials
Revenue
EUR 6.5 billion
Operating result
EUR 2.7 billion
Net result
EUR 1.8 billion
Cost-income ratio
53%
Net return on tangible equity
12.6%
CET 1 ratio
14.4%
Capital return
EUR 3.2 billion
Share buyback
Up to EUR 1.2 billion
Dividend share of capital return
At least 50%
Total yield
8%
AI investment
Around EUR 600 million through 2030
AI value contribution
Approximately EUR 500 million per annum by 2030
Agent Assist users
Around 2,800 employees
IT systems decommissioned
10%
Net commission income
Up 7% year-on-year
Net interest income
EUR 2.59 billion
Fair value result
Up EUR 92 million year-on-year
Corporate Clients loan growth
EUR 17 billion average loan growth over the last 12 months
PSBC Germany net commission income
Up 11% year-on-year
Discretionary portfolio management volumes
Around EUR 25 billion
Securities volume held by clients
EUR 285 billion
Trades at comdirect
Up 5%
Risk result
EUR 202 million
Nonperforming exposure ratio
1.1%
RWA increase in Q2
Around EUR 3 billion
RWA reduction from model changes
Mid- to high single-digit billion range
Replication portfolio NII tailwind
EUR 400 million to EUR 600 million per year until 2030
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael Harald Kotzbauer
Deputy CEO, Head of Corporate Clients Business & Deputy Chairman of the Board of MD
No Bio Available
Magistrate Thomas Schaufler CEFA
Member of the Board of Managing Director - Small-Business Customers
No Bio Available
Ms. Sabine Mlnarsky-Bstandig
Chief Human Resources Officer, Labour Relations Director & Member of Board MD
No Bio Available

Contacts

Address
HESSEN
Frankfurt
Kaiserstrasse 16
Contacts