German Bank Logotype Commerzbank seen in a branch near the Commerzbank Tower in Frankfurt.
Daniel Roland | AFP | Getty Images
German second largest lender Commerzbank On Thursday, he announced that by 2028 he would eliminate 3,900 full -time positions, mostly in his native Germany, as he discovered a number of new strategic goals.
The reduction of jobs will be monitored by the staff in “selected areas”, such as international locations, resulting in a wide -permanent global number of 36,700, the bank said in its strategic update.
The lender provides about 700 million euros ($ 730.7 million) for restructuring costs before taxing in 2025, aiming for a net result of 2.4 billion euros after these costs for the year. Plans to pay more than 100% over the period 2025-2028, after deducting the restructuring costs and additional bond coupons 1 (in 1).
Income 2024 came to EUR 11.1 billion, compared to 10.461 billion euros in 2023.
Commerzbank had has discovered his “record” annual effect Two weeks before the scheduled release of its financial results, in an attempt to fall in step with German legal requirements when the capital return of the company significantly exceeds the expectations of the capital market.
At that time, it announced that the net profit increased by 20% to the forecast of 2.68 billion euros (2.78 billion USD) in 2024, presenting plans for buying 400 million euros in shares and increasing dividend payment to 0.65 euros per stakeholders, compared to 0.35 euros per share in the previous year.
The share of unicredit
Commerzbank is advocating for his own case to stand alone from last year’s surprise role to Univendite Encouraged by the market conversation so that the second largest lender of Italy could be hunting for cross -border download. UniCredit currently has a direct share of 9.5% and 18.5% of a share of derivatives in Commerzbank.
The German government opposed the appearance of such cross -border consolidation, and Finance Minister Jörg Kukies scored Unicredit “very aggressive, very opaque“An offer in an interview with CNBC January.
Divide between the German overture and the download bid for the Italian lender Banco BPMExecutive director Unicredita Andrea Orcel retained her tickets near her chest over the final intentions of her company regarding Commerzbank.
Talking to CNBC this week after Unicredit reported about winning the fourth quarter and led a slowdown in 2025 revenues, the Orcel emphasized that Commerzbank remains an investment – but also that “it is quite optimistic that it can convince everything, not only in the premises as we have come to this investment, but also that the combination between between two banks have a combination between two banks A huge value to create, not only for two banks and stakeholders, but also for Germany and Europe. “
This news of news is updated.
