REG-Commerzbank Aktiengesellschaft Commerzbank approves the implementation of a further share buyback – dividend for the fiscal year 2024 expected to be €0.65 per share

COMMERZBANK AGAnnouncement

31/01/2025 12:45

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   Commerzbank Aktiengesellschaft (CZB)
   Commerzbank approves the implementation of a further share buyback –
   dividend for the fiscal year 2024 expected to be €0.65 per share

   31-Jan-2025 / 13:43 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Based on a good revenue development, particularly in net interest and
   commission income as well as some valuation effects in the fourth quarter,
   Commerzbank reached a preliminary and unaudited net result of €2.68bn in
   the 2024 fiscal year.

   Based on the net profit, the Board of Managing Directors and the
   Supervisory Board of Commerzbank AG have decided to distribute 71% of the
   €2.44bn net profit after regulatory deduction of AT1 coupon payments for
   the 2024 fiscal year.

   To this effect, the Board of Managing Directors has decided to execute
   another share buyback with a volume of up to €400m, for which Commerzbank
   has received all necessary approvals. The share buyback will commence
   after the reporting for the 2024 fiscal year and is expected to be
   completed by the Annual General Meeting in mid-May 2025.

   To reach the total pay-out ratio of 71%, Commerzbank AG intends to propose
   a dividend of €0.65 per share to the Annual General Meeting.

   The CET1 ratio after distributions is 15.1%.

    

   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.

   Contact:
   Christoph Wortig
   Head of Investor Relations
   Commerzbank AG
   Investor Relations
   Tel.: +49 69 9353 10080
   e-mail:ir@commerzbank.com

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           DE000CBK1001
   Category Code:  MSCH
   TIDM:           CZB
   LEI Code:       851WYGNLUQLFZBSYGB56
   OAM Categories: 2.2. Inside information
   Sequence No.:   374155
   EQS News ID:    2079149


    
   End of Announcement EQS News Service

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