Germany’s second-largest banking
group, Commerzbank, has published a strategy document for the next
three years, Roadmap 2012, with a broad aim to return to
profitability by 2011.
The bank, which has now completed the
acquisition of rival Dresdner Bank, says domestic retail banking
remains a key part of its growth plans. Commerzbank’s Private
Customer segment already has the largest network in the German
banking market, with some 1,200 branches and 10,000 employees: and
the segment will aim for a return on equity before tax of more than
30 percent by 2012.
Go deeper with GlobalData
Wider Commerzbank group aims include an
operating profit of more than €4 billion ($5.6 billion) per year
from 2012; and a return on equity after tax of around 12 percent
from 2012. Its Central & Eastern Europe unit is targeted to
achieve an operating profit in excess of €350 million.
Under an agreement with the European
Commission, Commerzbank’s balance sheet total (including Dresdner
Bank) is also being reduced from €1.1 trillion as at 31 December
2008 to €900 billion by the end of 2012.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
