COMMERZBANK AKTIENGESELLSCHAFT

Commerzbank Aktiengesellschaft
History and Development
Commerzbank Aktiengesellschaft is a stock corporation under German law and was established as
Commerz- und Disconto-Bank in Hamburg in 1870. The Bank owes its present form to the re-merger
of the post-war successor institutions of 1952 on July 1, 1958. The Bank’s registered office is located
in Frankfurt am Main and its head office is at Kaiserplatz, 60261 Frankfurt am Main, Federal Republic
of Germany (telephone: +49 (0)69 136-20). The Bank is registered in the commercial register of the
district court (Amtsgericht) of Frankfurt am Main under the number HRB 32 000.
Business Overview
Principal Activities
Commerzbank is a universal bank. Its products and services for retail and corporate customers extend
to all aspects of banking. The Bank is also active in specialised fields − partly covered by its
subsidiaries − such as mortgage banking and real-estate business, leasing and asset management.
Its services are concentrated on managing customers’ accounts and handling payments transactions,
loan, savings and investments plans, and also on securities transactions. Additional financial services
are offered within the framework of the Bank’s bancassurance strategy of cooperating with leading
companies in finance-related sectors, including home loan savings schemes and insurance products.
The Commerzbank Group is divided into three areas: customer bank, asset-based finance and the
cutback portfolio (Portfolio Restructuring Unit (PRU)). The customer bank comprises the customeroriented
core business activities of Commerzbank. Specifically, this includes the four segments Private
Customers, Mittelstandsbank, Corporates & Markets as well as Central & Eastern Europe. The asset
based finance area essentially includes Commercial Real Estate, Public Finance and ship financing.
The cutback portfolio is used to move portfolios that the Bank no longer wants into a single separate
unit.
Private Customers
This segment encompasses all of the Bank's activities related to private and business customers. It
therefore comprises Private and Business Customers, Credit, Wealth Management as well as Direct
Banking.
Private and Business Customers
The product range for private customers covers the complete palette of retail business, including
payments, investment and securities business, home and consumer loans as well as private provision
for old age products.
The product range for business customers which include professionals, the self-employed and
businessmen as well as the proprietors of small companies with an annual turnover of up to €2.5
million, has been entirely adapted to their needs and results in a combination of solutions for business
financial issues and all-inclusive, individual advice in private financial matters.
Around one-third of the Commerzbank branches have been converted to the branch of the future
model. Branches of this type are customer-oriented and focus on consulting and distribution. Apart
from the use of modern self-service machines, administrative functions are being standardised,
streamlined and centralised.
On the internet, a virtual branch is available, offering practically the entire range of a traditional branch
office, including the handling of payments and securities transactions.
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