Commerzbank AG 2008 AR2
The report highlights Commerzbank Group's performance and strategic developments during the challenging fiscal year 2008, marked by the global financial crisis. Despite a severe market downturn, the company completed the strategic acquisition of Dresdner Bank, positioning itself as Germany's leading bank for private and corporate customers. Commerzbank expanded its private customer base by 574,000 and grew its Mittelstandsbank loan portfolio to €46 billion. On the sustainability front, the bank increased its use of renewable electricity to 61% across Germany and continued its environmental internship program. Financially, the Group recorded a small consolidated surplus of €3 million, heavily impacted by write-downs and increased loan loss provisions.
Company: Commerzbank AG
Sector: Finance & insurance
Country: Germany
Year: 2008
Type: AR2
Pages: 325
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Commerzbank AG
Annual Report
The report highlights Commerzbank Group's performance and strategic developments during the challenging fiscal year 2008, marked by the global financial crisis. Despite a severe market downturn, the company completed the strategic acquisition of Dresdner Bank, positioning itself as Germany's leading bank for private and corporate customers. Commerzbank expanded its private customer base by 574,000 and grew its Mittelstandsbank loan portfolio to €46 billion. On the sustainability front, the bank increased its use of renewable electricity to 61% across Germany and continued its environmental internship program. Financially, the Group recorded a small consolidated surplus of €3 million, heavily impacted by write-downs and increased loan loss provisions.
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Document Details
Report Year
2008
Reporting Period
Jan 1, 2008 - Dec 31, 2008
Fiscal Year
2008
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Renewable Energy
Employees