Commerzbank announced on Thursday that it will close 3,900 full-time positions by 2028 to improve its financial stability.<\/p>\n
Nevertheless, the bank added that the recruitment will take place in other \u201c-selected areas, meaning that the global number of full-time employees will remain stable at 36,700\u201d.<\/p>\n
The layoffs will mainly affect staff in \u2019, Germany, while hiring will take place in cheaper locations.<\/p>\n
Commerzbank\u2019's announcement was announced in a fiscal update on Thursday after the bank posted its full-year earnings two weeks ago.<\/p>\n
Germany\u2019's second-largest bank, 2024\u2019te %It achieved a record net profit of \u20ac2.68 billion with an increase of 20.<\/p>\n
Revenues, partly in net commission income %7 increase to 3.64 billion Euro\u2019 as a result of the growth %6 increased to 11.11 billion Euro\u2019. Net interest income also remained strong.<\/p>\n
The layoff warnings came at a time when Commerzbank\u2019 was trying to fend off the hostile purchase offer from Italian lender UniCredit\u2019.<\/p>\n
UniCredit, partly through derivatives of the German bank \u2019lik acquired its stake, but the management of Commerzbank\u2019 is against a full takeover.<\/p>\n
Both German banking officials and politicians fear the merger could lead to layoffs and prevent loans to small and medium-sized businesses.<\/p>\n
At the end of last year, Chancellor Olaf Scholz criticized \u201c's efforts to aggressively buy shares in companies without any cooperation, without any consultation, without any feedback.<\/p>\n
UniCredit CEO \u2019 Andrea Orcel said on Tuesday that Germany will launch an official takeover bid from the bank following \u2019's appointment of a new government following elections at the end of the month.<\/p>\n
If Commerzbank can strengthen business opportunities before that date, it will be easier for the lender to resist the takeover.<\/p>\n
The firm said on Thursday it expects net profits of \u20ac4.2 billion in 2028\u2019 and %He announced that he aimed to obtain a return on material equity of 15\u2019.<\/p>\n
Expense-to-income ratio last year approximately the same year compared to \u2019 %He said he was expected to go up to 50\u2019ye.<\/p>\n
Looking at the results of 2025, Commerzbank predicts that profits will fall to 2.4 billion Euro\u2019 due to restructuring costs of 700 million Euros.<\/p>\n
The bank is still looking for ways to increase dividends and shareholder payments.<\/p>\n
Based on its 2024 earnings, the lender is offering a dividend of 0.65 euros per share from last year's 0.35 euros\u2019.<\/p>\n
Commerzbank, for the period 2025-2028 after deducting restructuring costs and Annex Tier 1 (EC 1) bond vouchers %It plans a payout rate of over 100\u2019.<\/p>\n
In a separate statement on Thursday, it announced the launch of a strategic partnership with the German credit institution Visa.<\/p>\n
Commerzbank customers will be given Visa debit and credit cards as a priority, and the lender argued that this would make it even easier for \u201cbank's customers to shop abroad and online.<\/p>","protected":false},"excerpt":{"rendered":"
While Italy's UniCredit is competing for the takeover, the German bank is trying to increase its financial strength.<\/p>","protected":false},"author":1,"featured_media":2417,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[595,514,593,518,594],"class_list":["post-2416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-alacak","tag-almanca","tag-commerzbank","tag-ile","tag-olacak"],"_links":{"self":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/posts\/2416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/comments?post=2416"}],"version-history":[{"count":0,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/posts\/2416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/media\/2417"}],"wp:attachment":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/media?parent=2416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/categories?post=2416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/tags?post=2416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}