REG-Commerzbank Aktiengesellschaft Commerzbank successfully completes share buyback of €400 m

COMMERZBANK AGAnnouncement

27/03/2025 11:30

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   Commerzbank Aktiengesellschaft (CZB)
   Commerzbank successfully completes share buyback of €400 m

   27-March-2025 / 12:18 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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     • 18,335,008 shares in total repurchased (1.5% of share capital)
     • Total capital return of €1.73 bn for 2024 financial year – consisting
       of share buybacks totalling around €1 bn and dividend payment of
       approximately €733 m
     • CEO Bettina Orlopp: “With the share buyback of around €400 m, we have
       completed another important component of our capital return for the
       2024 financial year.”

   Commerzbank AG successfully completed its share buyback on Wednesday, 26
   March 2025. The Bank began the buyback on 14 February 2025. Since then,
   Commerzbank has repurchased a total of 18,335,008 of its own shares
   amounting to around €400 m at an average price of around €21.81 per share.
   This corresponds to a share of 1.5% of the Bank’s share capital. Together
   with the share buyback of €600 m conducted between November 2024 and
   January 2025, the Bank has repurchased its own shares totalling around
   €1 bn as part of the capital return for the year 2024.

   “With the share buyback of around €400 m, we have completed another
   important component of our capital return for the 2024 financial year. In
   total, we will return around €1.73 bn, which is 71% of our net result
   after deduction of AT1 coupon payments, to our shareholders. For the years
   2022 to 2024, the capital return amounts to €3.1 bn. This is more than we
   had originally committed to,” said Commerzbank CEO Bettina Orlopp.

   In addition to the share buybacks, the capital return for the 2024
   financial year will also include a dividend of €0.65 per share (2023:
   €0.35 per share). It will be proposed to the Annual General Meeting by the
   Board of Managing Directors and the Supervisory Board on 15 May 2025. In
   total, this results in a dividend payment of approximately €733 m for the
   2024 financial year.

   CFO Carsten Schmitt said: “Our goal for the coming years is clear: We want
   to sustainably increase our profitability and, based on that, continuously
   enhance the capital return to our shareholders. This includes not only
   share buybacks but also a steadily increasing dividend. For the 2025
   financial year, we aim for a payout ratio of 100% of the net result before
   restructuring costs and after AT1 coupon payments.”

    

   Press contact 
   Svea Junge  +49 69 9353-45691

   Investors’ contact 
   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.:  380380
   EQS News ID:   2107582


    
   End of Announcement EQS News Service

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