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Commerzbank announces job cuts and ambitious financial targets in strategy overhaul

Commerzbank plans to cut 3,900 jobs, primarily in Germany, by 2028 while maintaining a steady workforce of 36,700 through external hiring. The bank aims for a net profit of 3.8 billion euros by 2027, a cost-to-income ratio of 53%, and a 100% payout ratio from 2026 to 2028, alongside targeted acquisitions and strategic partnerships. Restructuring costs are projected at 700 million euros in 2025.
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Euro Commerzbank AG UniCredit S.p.A. DEU ITA Patricia Weiss Tom Sims
Business & Industry, Market Report
02:37 17.02.2025
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