Commerzbank announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets.
Commerzbank on Thursday announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany , as it unveiled a spate of new strategic targets.
The bank has been advocating its case to stand alone since last year's surprise build of a stake by UniCredit fueled market talk that Italy's second-largest lender could be on the hunt for a cross-border takeover.Daniel Roland | Afp | Getty Imageson Thursday announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets.
The lender anticipates around 700 million euros of before-tax restructuring costs in 2025, targeting a net result of 2.4 billion euros after these charges for the year. It plans a payout ratio of more than 100% over the 2025-2028 period, after the deduction of restructuring costs and Additional Tier 1 bond coupons.
Banks Commerzbank AG Commerzbank AG Unicredit Spa Unicredit Spa Banco BPM Spa Germany Business News
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