Commerzbank Aktiengesellschaft is a German public company headquartered in Frankfurt am Main, incorporated on 16 October 1952 and active. Founded in 1870 in Hamburg, it is one of Germany’s oldest and second-largest banks and is listed on the DAX. Scope Ratings affirmed an A issuer rating with Stable Outlook in November 2025.
The bank serves private, small-business and corporate clients through two domestic segments (Private and Small-Business Customers, Corporate Clients) and its Polish subsidiary mBank. It is the largest financier of German foreign trade and holds a No. 1 ranking for German Mittelstand banking. Its Equity Capital Markets division has led over 50 IPOs and 30 capital increases since 2000. The bank is deploying AI-based tools such as the chatbot cobaGPT and the virtual assistant Ava.
Revenue reached €11.1bn in 2024 and €12.2bn in 2025. Net profit was €2.7bn in 2024 and €2.6bn in 2025. Employee numbers rose from 39,867 to 40,812. In 2025, Commerzbank achieved a record operating result of €4.5bn, up 18% year-on-year. Total assets stood at €593bn as of Q3 2025. In Q1 2026, operating profit rose 11% to a record €1.4bn. Net profit for Q1 2026 was €913m, up 9%.
In May 2026, Commerzbank launched its refined “Momentum 2030” strategy, targeting a net return on tangible equity of 21% and a net result of €5.9bn by 2030. The bank raised its 2026 net result outlook to at least €3.4bn. It also acted as mandated lead arranger on a €1bn multi-purpose facility for Air France-KLM. In June 2026, Commerzbank publicly challenged UniCredit’s takeover offer, urging critical assessment of what it called misleading information and referring the matter to BaFin. It stated there was no basis for an agreed transaction given the lack of an attractive premium. Meanwhile, Jefferies Financial Group reported a total holding of 10.23% of Commerzbank voting rights, largely through instruments.
Commerzbank is the second-largest German bank and the leading lender to the German Mittelstand. Scope Ratings described its business model as resilient, noting sustained earnings capacity despite Germany’s weak economic performance, but also a moderate market share in a fragmented banking sector.
News sources report record operating results, raised profit targets, and a credit rating affirmation with Stable Outlook, all driving a positive overall signal despite some uncertainty from the UniCredit takeover dispute.