Commerzbank AG 2017 AR2
The report highlights Commerzbank's progress in implementing its 'Commerzbank 4.0' strategy during the 2017 financial year, focusing on growth, digitalisation, and efficiency. The company successfully digitalised nearly 50% of its relevant business processes and attracted over 500,000 new retail customers in Germany. Financially, Commerzbank achieved an operating profit of €1.3bn, despite absorbing €808m in restructuring expenses. Additionally, the bank integrated its first combined separate non-financial report, detailing its commitments to environmental protection, employee welfare, and social responsibility.
Company: Commerzbank AG
Sector: Finance & insurance
Country: Germany
Year: 2017
Type: AR2
Pages: 316
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Commerzbank AG
Annual Report
The report highlights Commerzbank's progress in implementing its 'Commerzbank 4.0' strategy during the 2017 financial year, focusing on growth, digitalisation, and efficiency. The company successfully digitalised nearly 50% of its relevant business processes and attracted over 500,000 new retail customers in Germany. Financially, Commerzbank achieved an operating profit of €1.3bn, despite absorbing €808m in restructuring expenses. Additionally, the bank integrated its first combined separate non-financial report, detailing its commitments to environmental protection, employee welfare, and social responsibility.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Published
Mar 1, 2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees