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Commerzbank’s Supervisory and Executive Boards Confirm Strategy
The Supervisory and Executive Boards of Commerzbank have reaffirmed their strategic direction, emphasizing growth and profit increase. Chairman Jens Weidmann highlighted the bank's significant growth potential.
Commerzbank aims to boost its return on equity to over 12% by 2027. This is expected to be achieved through faster profitability improvements. A key part of the plan includes increasing capital returns to shareholders.
The strategy focuses on profitable growth, strict cost discipline, and customer orientation. Implementation has been on schedule, with the bank enhancing its RoTE and planning higher net profit and payout ratios.
Future CEO Bettina Orlopp noted the bank's robust growth trajectory, aiming for further earnings potential, particularly in corporate clients, asset management, and its subsidiary mBank. Despite conservative planning, the bank expects to generate significant shareholder value.
R. H.
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