Commerzbank AG Sponsored ADR (CRZBY)
OTC PINK OTC PINK Primary 
Commerzbank AG (CRZBF) Q4 2024 Earnings Call Transcript
Commerzbank AG (OTCPK:CRZBF) Q4 2024 Earnings Conference Call February 13, 2025 3:00 AM ET Company Participants Bettina Orlopp - Chief Executive Officer Carsten Schmitt - Chief Financial Officer Conference Call Participants Jeremy Sigee - BNP Paribas Borja Ramirez - Citi Johannes Thormann - HSBC Benjamin Goy - Deutsche Bank Anke Reingen - RBC Riccardo Rovere - Mediobanca Máté Nemes - UBS Stefan Stalmann - Autonomous Operator Hello and a warm welcome to the Commerzbank AG Conference Call regarding the Fourth Quarter Results 2024. Please note that this call is being transmitted as well as recorded by audio webcast and will subsequently be made available for replay on the Internet.
UniCredit 'feels a little bit like an activist investor,' Commerzbank CEO says
Commerzbank CEO Bettina Orlopp discusses the bank's strategic plans.
Germany's second-largest lender Commerzbank to cut 3,900 jobs as it unveils new targets
Commerzbank on Thursday announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets. Germany's second-largest lender anticipates around 700 million euros ($730.7 million) of before-tax restructuring costs in 2025, targeting a net result of 2.4 billion euros after these charges for the year.
Commerzbank to cut 3,900 jobs, mainly in Germany
Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the German and Italian lenders.
Key elements of Commerzbank's strategy update as it fends off UniCredit
Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the German and Italian lenders.
Commerzbank plans job cuts, new targets to keep UniCredit away, sources say
Germany's Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy's UniCredit , multiple people with direct knowledge of the plans told Reuters.
We're not ruling out increasing our Commerzbank stake, says UniCredit CEO
Andrea Orcel, CEO of UniCredit, discusses fourth-quarter earnings, the bank's investment in Commerzbank and interest rates.
UniCredit says focused on BPM, Commerzbank as sources confirm small Generali stake
UniCredit remains focused on its takeover bid for Banco BPM and its stake in Commerzbank , a spokesperson for the Italian bank said, after two sources confirmed a report about an investment in Generali.
Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards off UniCredit
Commerzbank on Friday unexpectedly released quarterly results, touting "record" annual profit and announcing a new share buyback scheme.
Germany's Commerzbank posts 20% rise in net profit for 2024
Germany's Commerzbank said on Friday that it posted a 20% increase in net profit in 2024, announcing earnings nearly two weeks ahead of schedule as it fends off interest in a tie-up from Italy's UniCredit.
Commerzbank says no talks with UniCredit until specific offer made
Commerzbank reiterated on Friday that it will not meet with UniCredit for formal discussions until it receives a specific proposal from the Italian bank, which has ruffled feathers in Berlin with its interest in a merger.
Germany's finance minister slams UniCredit's 'very aggressive' bid for Commerzbank
"The behavior of the potential acquirer was very aggressive, very opaque, untransparent," Germany's Jörg Kukies told CNBC of UniCredit's bid for Commerzbank. The move by UniCredit, which is already present in Germany through its HypoVereinsbank branch, has so far enjoyed a cool reception from the fractured Berlin government.
