Commerzbank is re-branding its branch network
in an effort to bring its merger with Dresdner Bank in line with
its market presence.
More than 1,200 outlets across the country
will bear the new logo, adopting Commerzbank’s signature yellow
colour, by the end of August 2010 as part of a drive to solidify
the bank’s tie-up with Dresdner in 2008.
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“From now on we are sailing under one flag –
all the customers of Dresdner Bank and Commerzbank have a common
bank,” said Martin Blessing, Commerzbank’s chief
executive.
Allianz sold Dresdner Bank to Commerzbank for
€9.8bn ($12bn) in 2009, almost half the €21bn it paid for
it originally.
But Commerzbank, which received a government
bailout to survive the financial crisis, said it expects €1.1bn in
cost-savings this year tied to its takeover and a total of €2.4bn
in synergies from Dresdner by 2013.
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