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Commerzbank's shares fell approximately 6% following CEO Bettina Orlopp's remarks about anticipated higher risk results in 2025, which could lead to increased bankruptcies in Germany. If the losses persist, it would mark the bank's worst day since September 2023. Meanwhile, the European banking index declined by 2.4% amid uncertainty after the U.S. Federal Reserve decided to keep interest rates unchanged.
Commerzbank's CEO Orlopp confirmed that there have been no discussions with UniCredit following the ECB's approval for UniCredit to acquire up to 29.9% of Commerzbank. While UniCredit may consider a full takeover next year, Orlopp emphasized her focus on Commerzbank's standalone strategy, noting that their previous meeting was solely for investors.
Commerzbank CEO Bettina Orlopp emphasized the bank's focus on maintaining independence amid discussions with Unicredit, its second-largest shareholder. Unicredit currently holds 9.5% of Commerzbank, with options for an additional 18.5%, pending regulatory approval. Orlopp highlighted plans for growth in asset management and technology, buoyed by a positive start to the year and supportive financial measures.
Commerzbank CEO Bettina Orlopp confirmed that there have been no discussions with UniCredit since the European Central Bank approved UniCredit's potential stake of up to 29.9% in Commerzbank. Orlopp emphasized her focus on Commerzbank's standalone strategy, noting that previous interactions were limited to an investor meeting in February.
Commerzbank's CEO Bettina Orlopp confirmed that there have been no discussions with UniCredit since the European Central Bank approved UniCredit's potential stake of up to 29.9%. Orlopp emphasized her focus on Commerzbank's standalone strategy, while UniCredit may take until 2027 to decide on a full takeover.
Commerzbank AG, a leading German banking group, reported that its CEO confirmed no discussions with UniCredit following the recent ECB approval for a stake. The bank's net banking product is divided into retail and private banking (52.4%), market and investment banking (33.2%), and other services (14.4%). By the end of 2023, Commerzbank managed EUR 419.8 billion in current credits and EUR 298.7 billion in current deposits.
Commerzbank's CEO, Bettina Orlopp, confirmed that there have been no discussions with UniCredit following the recent approval from the European Central Bank for UniCredit to acquire a stake of just under 30%. The last interaction between the banks occurred during an investor meeting after Commerzbank's capital markets day in February.
UniCredit has stated that it is not in a hurry to make a decision regarding a potential takeover of Commerzbank. The bank is taking its time to evaluate the situation before proceeding with any actions related to the acquisition.
UniCredit CEO Andrea Orcel expressed readiness to wait until 2027 to evaluate the potential acquisition of Commerzbank, emphasizing the importance of patience in implementing their strategic plan. Following the European Central Bank's approval for a stake increase to 29.9%, Orcel noted that any decision on the matter could come after 2025, despite opposition from Commerzbank and Berlin. He also conveyed a cautious outlook on mergers and acquisitions in the European banking sector, citing lengthy approval processes.
Commerzbank AG, a leading German banking group, has a diverse net banking product breakdown: retail and private banking (52.4%), market and investment banking (33.2%), and other services (14.4%). By the end of 2023, the group managed EUR 419.8 billion in current credits and EUR 298.7 billion in current deposits.
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Commerzbank shares fall as CEO warns of increased risk in 2025
10:53 20.03.2025
commerzbank ceo confirms no talks with unicredit after ecb approval
Euro
Commerzbank AG
UniCredit S.p.A.
DEU
Ludwig Burger
Tom Sims
Madeline Chambers
Bettina Orlopp
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