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Created before Nov 2016
Last update: 2017-10-03 15:46:27
Heffa Schucking, urgewald, Germany
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Commerzbank AG, established in 1870, is Germany's second largest bank, and headquartered in Frankfurt am Main. Next to a large presence in the German banking market, Commerzbank has numerous branch offices throughout Europe. The bank's activities focus on: private customers, bank services for small business, Corporates & Markets, and Central & Eastern Europe. In December 2016 Commerzbank controlled assets worth EUR 480.5 billion.
[In 2009 Dresdner Bank merged with Commerzbank AG. All 'dodgy deals' related to Dresdner Bank are now linked to the Commerzbank profile. The deals related to Dresdner Bank are indicated as such].
60261 Frankfurt am Main
Martin Zielke |
CSR report magazine 2017|
Annual report 2016
listed on Frankfurt Stock Exchange
Commerzbank's major share holder is the German state (over 15%). Its complete share holder structure can be viewed here.
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Dodgy Deals map
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Voluntary initiativesCommerzbank has committed itself to the following voluntary standards:
True leader Front runner Follower Laggard
BankTrack has assessed Commerzbank on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Commerzbank is assessed as a Follower, with a total score of 4.5/12.
No more speculation on food
In November 2011, Commerzbank made the decision not to issue any new exchange-traded investment products based on food staples.
German banks withdraw from Belene following Urgewald pressure
In the fall of 2006, Deutsche Bank, HypoVereinsbank and Commerzbank withdrew from the Belene nuclear power project, sited in an earthquake area in Northern Bulgaria. Through media work, postcards and e-mails, visits at the banks' AGMs, an international protest day and a protest week in 60 German cities, the banks were dissuaded from financing this extremely controversial project. The project was eventually called off in 2012.