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The latest announcement is out from Commerzbank ( (DE:CBK) ).
Commerzbank announced that its Pillar 2 capital requirement (P2R) will remain unchanged at 2.25% for 2025 following the European Central Bank’s Supervisory Review and Evaluation Process (SREP). The bank’s Common Equity Tier 1 (CET1) ratio stood at 14.82% as of September 2024, comfortably above the Maximum Distributable Amount (MDA) threshold of 10.31%, providing a buffer to return capital to shareholders. The decision maintains the additional own funds requirement for leverage ratio at 0.1%, with a leverage ratio requirement of 3.1% met by a 4.4% leverage ratio as of September 2024. This stable capital requirement underlines Commerzbank’s strong financial position and supports its strategic plans, including a CET1 ratio target of 13.5% by 2027.
More about Commerzbank
Commerzbank is a leading bank for the German Mittelstand, providing a wide range of financial services to around 25,500 corporate client groups as well as private and small-business customers in Germany. It manages over €400 billion in assets and conducts approximately 30% of Germany’s foreign trade. The bank operates internationally, focusing on German Mittelstand, large corporates, and institutional clients, and is present in over 40 countries. Its Polish subsidiary, mBank S.A., serves approximately 5.7 million customers in Poland, the Czech Republic, and Slovakia.
YTD Price Performance: 45.26%
Average Trading Volume: 2,787,866
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €17.91B
See more insights into CBK stock on TipRanks’ Stock Analysis page.
