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Commerzbank AG

Overview:

In everything Commerzbank does, customer satisfaction comes first. Our commitment to that is absolute and we take it as the measure of our success.

For discerning private customers, we are a reliable partner and a provider of high-performing financial services. Small and medium-sized enterprises in Germany rate us as the best bank, and our success is founded on the way we help them do business - locally and around the world.

Commerzbank has also spent decades gaining experience and knowledge of domestic and foreign markets; that is what makes us a valuable partner for major corporate customers, institutions in Europe and companies with business interests throughout the world. What we offer them is an holistic approach to customer service and bespoke solutions.

Our customers in Germany benefit from personalized advice and services, available in branches throughout the country. Commerzbank has a global presence through its subsidiaries, branches and representative offices in major business and financial centres in around 50 countries. We also work together with over 5,000 correspondent banks around the world.

History:

   * In 1870 a number of merchants, merchant bankers and private bankers founded the Commerz- und Disconto-Bank in Hamburg. As of around 1900, its business focussed increasingly on Berlin. It became one of the country's leading big banks with an extensive branch network.
   * Milestones along the way include the merger in 1920 with the Mitteldeutsche Privat-Bank, a regional bank based in Magdeburg, and in 1929 with the Mitteldeutsche Creditbank based in Frankfurt am Main. In the wake of the crisis in the banking sector, the government ordered the merger in early 1932 of Commerzbank with the Barmer Bank-Verein Hinsberg, Fischer & Co. in Düsseldorf. In 1940, the name Commerzbank Aktiengesellschaft, by which the bank was generally known, was officially adopted.
   * With the division of Europe after the war, Commerzbank lost some 45 % of its premises. The process of decentralisation of the big banks in West German resulted in a breakdown into three regional banks, which were united in 1958 as 'Commerzbank Aktiengesellschaft', which had its headquarters in Düsseldorf. Commerzbank stepped up its retail banking activities and built up a nationwide network. At around the same time, it started expanding around the globe. From 1970 onwards, the bank's administrative activities were shifted to Frankfurt am Main, which has been its legal domicile since 1990.
   * What events have occurred along the way? What is the significance of the bank's logo? Who have been its chairmen? We have addressed these and other questions in a number of historical articles, with details of bibliography and sources. For further details on Commerzbank's history, please contact our archive department in the corporate communications department.

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