Commerzbank Repeling Q4 2024

The second largest lender in Germany Commerzbank On Thursday, it announced that it will spend 3900 full -time jobs by 2028, to a large extent in Germany, where it revealed a set of new strategic goals.

In its strategic update, the bank said that the cuts in jobs will accompany employment increases in the “chosen areas” as is the case in international sites, which leads to a large number of continuous international sites of 36,700.

The lender expects about 700 million euros (730.7 million dollars) of restructuring costs before tax deduction in 2025, targeting a net result of 2.4 billion euros after these fees for this year. It plans to pay more than 100 % during the period 2025-2028, after deducting restructuring and category 1 (at 1) bond coupons.

In 2024 revenues amounted to 11.1 billion euros, compared to 10.461 billion euros in 2023.

Commerzbank was It revealed the annual performance of the “record” Two weeks before the scheduled issuance of its financial results, in an attempt to decrease with German legal requirements when the company’s capital’s capital has exceeded the capital market expectations.

At that time, net profits by 20 % to 2.68 billion euros (2.78 billion dollars) said in 2024, showing plans to rebuild 400 million euros of shares and increase the distribution payments of its profits to 0.65 euros per share, compared to 0.35 euros per share per share in Previous year.

Commerzbank calls for her case to stand alone since the construction of a surprise last year from Hessa Unicredit The market feeding that the second largest lender in Italy can be in the search for a cross -border acquisition. Unicredit currently has a 9.5 % share directly and 18.5 % stake via derivatives in Commerzbank.

The German government has opposed the possibility of such unification across the border, as Finance Minister Joorg Cookies Unkardit criticized “Very aggressive, very transparentShow in the CNBC interview in January.

The division between the German offer and the acquisition of the Italian lender BPM BankAndrea Orzel, CEO of Unicredit, kept his card close to the chest due to the intentions of his final company in relation to Commerzbank.

Talk to CNBC this week yet Unicredate reported a profit victory in the fourth quarter And I am slowing in 2025 revenues, OCEL confirmed that Commerzbank is still an investment – but also that it is “completely optimistic that he is able to convince everyone, not only at the headquarters of how we have reached this investment, but also a mixture between them for the two banks is a tremendous value, not only for the two skewers and owners Interest, but also for Germany and Europe. “

This urgent news story is updated.