Commerzbank AG 2009 AR2
The report highlights Commerzbank's activities and financial performance for the fiscal year 2009, a challenging period marked by the integration of Dresdner Bank and the global financial crisis. Despite posting a significant consolidated loss of 4.5 billion euros due to high loan loss provisions and integration costs, the company successfully stabilized its operations and launched its strategic 'Roadmap 2012' program. Commerzbank also introduced its new brand identity and logo, and expanded its customer base to approximately 15 million worldwide. Additionally, the bank strengthened its commitment to sustainability by adopting a climate strategy and environmental policy, aiming to reduce group-wide carbon emissions by 30% by 2011.
Company: Commerzbank AG
Sector: Finance & insurance
Country: Germany
Year: 2009
Type: AR2
Pages: 330
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Commerzbank AG
Annual Report
The report highlights Commerzbank's activities and financial performance for the fiscal year 2009, a challenging period marked by the integration of Dresdner Bank and the global financial crisis. Despite posting a significant consolidated loss of 4.5 billion euros due to high loan loss provisions and integration costs, the company successfully stabilized its operations and launched its strategic 'Roadmap 2012' program. Commerzbank also introduced its new brand identity and logo, and expanded its customer base to approximately 15 million worldwide. Additionally, the bank strengthened its commitment to sustainability by adopting a climate strategy and environmental policy, aiming to reduce group-wide carbon emissions by 30% by 2011.
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Document Details
Report Year
2009
Reporting Period
Jan 1, 2009 - Dec 31, 2009
Fiscal Year
2009
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
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