REG-Commerzbank Aktiengesellschaft Commerzbank Annual General Meeting approves all agenda items

COMMERZBANK AGAnnouncement

15/05/2025 17:00

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   Commerzbank Aktiengesellschaft (CZB)
   Commerzbank Annual General Meeting approves all agenda items

   15-May-2025 / 17:52 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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     • Shareholders approve dividend of 65 cents per share and authorisation
       for further share buybacks
     • Actions of Board of Managing Directors and Supervisory Board ratified
       – Sabine Lautenschläger-Peiter and Michael Gorriz elected to the
       Supervisory Board
     • Chairman of Supervisory Board Jens Weidmann: “A strong Commerzbank is
       more important than ever before. We are experiencing a period of
       pronounced geopolitical tensions and trade policy disruptions.
       Additionally, the new federal government in Germany must manage the
       structural transformation.”
     • CEO Bettina Orlopp: “We deliver what we promise. This has been the
       case for years, and that is how it shall continue. We are confident
       that with our strategy and as a strong player in the banking market,
       we will create even more value for all our stakeholders.”

   Today, the Annual General Meeting of Commerzbank approved the dividend
   proposal for the 2024 financial year in the amount of 65 cents per share
   with a majority of 99.89% (item 2). The total dividend payment therefore
   amounts to €733m. Together with the share buybacks conducted between
   November 2024 and March 2025, Commerzbank will return a total of €1.73bn
   to its shareholders for the 2024 financial year. This corresponds to 71%
   of the net result after the deduction of AT-1 coupon payments. In the
   coming years, the Bank intends to continuously increase capital return.

   Commerzbank continues to rely on a combination of share buybacks and
   dividend payments. The authorisations for the Bank to acquire and use its
   own shares (items 10 and 11) were approved by the Annual General Meeting
   with a majority of 96.43% and of 96.52%, respectively. This once again
   provides Commerzbank with the opportunity to acquire its own shares up to
   a volume of 10% of the share capital via the stock exchange or through
   multilateral trading systems.

   Newly elected to the Supervisory Board of Commerzbank at the Annual
   General Meeting were Sabine Lautenschläger-Peiter (former member of the
   Executive Board of the European Central Bank) and Michael Gorriz (former
   Global Chief Information Officer of Standard Chartered Bank) with a
   majority of 99.57% and of 99.83% (item 9). They succeed the previous
   Supervisory Board members Jutta A. Dönges and Gertrude Tumpel-Gugerell,
   who resigned from their Supervisory Board mandates effective after the
   conclusion of the Annual General Meeting on 15 May 2025.

   Jens Weidmann, Chairman of the Supervisory Board of Commerzbank, made a
   point of emphasising the Bank‘s important role and stated: “A strong
   Commerzbank is more important than ever before. We are experiencing a
   period of pronounced geopolitical tensions and trade policy disruptions.
   Additionally, the new federal government in Germany must manage the
   structural transformation. In its leading position for the German
   Mittelstand and foreign trade financing, Commerzbank can play a crucial
   role in driving forward the profound economic transformation. Moreover, as
   a significant financier of the German security and defence industry and as
   a constant driver of innovations, the Bank takes on responsibility. I am
   very pleased that Commerzbank, with its upgraded strategy, is setting
   ambitious but still realistic targets to leverage its strong starting
   position for accelerated growth.”

   Bettina Orlopp, CEO of Commerzbank, highlighted the great potential of
   Commerzbank: “We not only have more ambitious goals, but also a clear plan
   on how we want to achieve these goals. And we are firmly determined to
   implement this plan. Especially in times such as these, a high value is
   placed on reliability, and we deliver what we promise. This has been the
   case for years, and this is how it shall continue. We are confident that
   with our strategy and as a strong player in the banking market, we will
   create even more value for all our stakeholders.” This is also reflected
   in the Bank’s plans for capital returns: “Our financial strength and very
   solid capital resources enable us to invest significantly in the expansion
   of our business while continuously increasing the capital return,” Orlopp
   explained.

   The shareholders voted as follows on the other key items on the agenda:

   Ratification of the Board of Managing Directors and the Supervisory Board
   (items 3 and 4)
   The actions of the members of the Board of Managing Directors were
   ratified by the Annual General Meeting with a majority between 99.48% and
   99.59%. The actions of the members of the Supervisory Board were ratified
   with a majority between 99.56% and 99.58%.

   Remuneration of the Members of the Board of Managing Directors and
   Supervisory Board (items 6 to 8)
   The Annual General Meeting approved the remuneration report for the 2024
   financial year with a majority of 86.09%. The new system for the
   remuneration of the members of the Board of Managing Directors, which will
   come into effect on 1 January 2026, was approved by the Annual General
   Meeting with 95.08%. The adjustment of the system for the remuneration of
   the Members of the Supervisory Board and the necessary amendment to the
   articles of association were approved by the Annual General Meeting with a
   majority of 97.86%. The changes will also come into effect on 1 January
   2026.

   Further information on this year’s Annual General Meeting can be found on
   our  1 website. Photos of the event are also available  2 online.

    

   Press contact
   Svea Junge  +49 69 9353-45691
   Kathrin Jones  +49 69 9353-45687

   Investors’ contact
   Michael Desprez +49 69 9353-47705
   Ute Sandner  +49 69 9353-47708

    

   About Commerzbank
   With its two business segments – Corporate Clients and Private and
   Small-Business Customers –, Commerzbank, as a full-service bank, offers a
   comprehensive portfolio of financial services. It is the leading bank for
   the German Mittelstand and a strong partner for around 24,000 corporate
   client groups. Commerzbank transacts approximately 30% of Germany’s
   foreign trade financing. The Bank is present internationally in more than
   40 countries in the corporate clients’ business – wherever its Mittelstand
   clients, large corporates, and institutional clients need it. In addition,
   Commerzbank supports its international clients with a business
   relationship to Germany, Austria, or Switzerland and companies operating
   in selected future-oriented industries. With more than €400 bn assets
   under management, Commerzbank is also one of the leading banks for private
   and small-business customers in Germany. Under the brand Commerzbank, it
   offers a wide range of products and services with an omni-channel
   approach: online and mobile, via phone or video in the remote advisory
   centre, and personally in its around 400 branches. Under the brand
   comdirect, it offers all core services as a digital primary bank 24/7 and,
   as a performance broker, solutions for saving, investing, and securities
   trading. Its Polish subsidiary mBank S.A. is an innovative digital bank
   that serves approximately 5.8 million private and corporate customers,
   predominantly in Poland, as well as in the Czech Republic and Slovakia.

   Disclaimer
   This release contains forward-looking statements. Forward-looking
   statements are statements that are not historical facts. In this release,
   these statements concern inter alia the expected future business of
   Commerzbank, efficiency gains and expected synergies, expected growth
   prospects and other opportunities for an increase in value of Commerzbank
   as well as expected future financial results, restructuring costs and
   other financial developments and information. These forward-looking
   statements are based on the management’s current plans, expectations,
   estimates and projections. They are subject to a number of assumptions and
   involve known and unknown risks, uncertainties and other factors that may
   cause actual results and developments to differ materially from any future
   results and developments expressed or implied by such forward-looking
   statements. Such factors include, amongst others, the conditions in the
   financial markets in Germany, in Europe, in the USA and other regions from
   which Commerzbank derives a substantial portion of its revenues and in
   which Commerzbank holds a substantial portion of its assets, the
   development of asset prices and market volatility, especially due to the
   ongoing European debt crisis, potential defaults of borrowers or trading
   counterparties, the implementation of its strategic initiatives to improve
   its business model, the reliability of its risk management policies,
   procedures and methods, risks arising as a result of regulatory change and
   other risks. Forward-looking statements therefore speak only as of the
   date they are made. Commerzbank has no obligation to update or release any
   revisions to the forward-looking statements contained in this release to
   reflect events or circumstances after the date of this release.

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          DE000CBK1001
   Category Code: MSCU
   TIDM:          CZB
   LEI Code:      851WYGNLUQLFZBSYGB56
   Sequence No.:  388665
   EQS News ID:   2138954


    
   End of Announcement EQS News Service

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References

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