Commerzbank AG 2011 AR2
The report highlights Commerzbank's performance during the 2011 financial year, which was significantly impacted by the European sovereign debt crisis, including write-downs of 2.2 billion euros on Greek government bonds. Despite these challenges, the core bank performed well, posting an operating profit of 4.5 billion euros, driven by strong results in the Mittelstandsbank and Central & Eastern Europe segments. The bank successfully completed the integration of Dresdner Bank, migrating customer and product data ahead of schedule. Additionally, Commerzbank strengthened its capital structure, achieving a Core Tier I ratio of 9.9% by the end of the year.
Company: Commerzbank AG
Sector: Finance & insurance
Country: Germany
Year: 2011
Type: AR2
Pages: 377
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Commerzbank AG
Annual Report
The report highlights Commerzbank's performance during the 2011 financial year, which was significantly impacted by the European sovereign debt crisis, including write-downs of 2.2 billion euros on Greek government bonds. Despite these challenges, the core bank performed well, posting an operating profit of 4.5 billion euros, driven by strong results in the Mittelstandsbank and Central & Eastern Europe segments. The bank successfully completed the integration of Dresdner Bank, migrating customer and product data ahead of schedule. Additionally, Commerzbank strengthened its capital structure, achieving a Core Tier I ratio of 9.9% by the end of the year.
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Document Details
Report Year
2011
Reporting Period
Jan 1, 2011 - Dec 31, 2011
Fiscal Year
2011
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
Women on Board
Women in Management
Employees