The Commerzbank AG is with a company balance sheet total of 420 billion euro third biggest (after the Dresdens bank) Kreditinstitut Germany (2005, as per own indication of the Commerzbank AG). After conclusion of the assumption of the Eurohypo the enterprise will increase its company balance sheet total on 700 billion euro and to the number 2 of the German banks (after the German bank) will ascend. The Commerzbank is member in the cash Group. It has its seat in Frankfurt/Main and is active as Universalbank. Executive committee speaker is Klaus Peter Mueller.

History

1945 ago

On 26 February 1870 predominantly hanseatische buyers, Merchant Banker and private banker, etc. M. being castle & CO, the COMM ore and Disconto bank in Hamburg based. 1873 were created the subsidiary London and Hanseatic bank, up to the 1. World war was active. In Germany the Commerzbank was active only in Hamburg, until 1897 branches in Berlin and Frankfurt/Main were established. After the 1905 took place fusion with Berliner Bank AG shifted the Commerzbank their seat to Berlin.

In the year 1920 the Commerzbank AG with the Central German private bank fused AG in Magdeburg to the COMM ore and private bank AG and won thereby a close branch network in Saxonia, Saxonia-Anhalt and Thuringia. To the 1920er years many smaller banks were transferred, among other things 1922 the hessian bank association in Kassel and 1929 the Central German Creditbank in Frankfurt/Main.

During the world economic crisis the Commerzbank had to fuse 1932 on arrangement of the realm government with the Barmer bank association, which possessed a close branch network in north and West Germany. Under the bank crisis the German Reich had a participation of the majority at the Commerzbank, which were then transferred to private shareholders until 1937. 1940 were accepted the name Commerzbank corporation already used in the public.

after 1945

With the end 2. World war the major banks were smashed and limited in their business activity to the respective zone of occupation. In the Soviet zone of occupation the business concern was stopped, which became buildings and operating equipment without remuneration expropriated. The follow-up institutes Central German Creditbank in Frankfurt, the bank association for bathing in Stuttgart, the Bavarian Disconto bank in Nuremberg and of Bremen the mercantile bank in Bremen, the Mittelrheini bank in Mainz, the bank association West Germany in Duesseldorf, the Hansa bank in Hamburg, the Merkur bank in Hanover and the getting EN bank in Kiel with own in each case organization and management develop due to laws of the military government between 1945 and 1948. With decree of the major bank law 1952 the individual Nachfolgeinstute united to the bank association West Germany in Duesseldorf, the COMM ore and Discontobank in Hamburg and the COMM ore and Credit bank in Frankfurt. The shareholders of the old institute kept shares at the three new institutes proportionate in each case. On 24 December 1956 the law is announced for the abolition of the restriction of the address range by credit institutes. The Institut acquires in each case participations of the majority at the other two institutes.

1958 fuses the institutes and designates themselves to the Commerzbank AG over. The legal seat is shifted after Duesseldorf. The old bank, whose fortune consists practically only of claims of the expropriation of the fortune in the Soviet zone of occupation, is renamed in Commerzbank AG of 1870.

1969 become the Commerzbank internationally S.A. in Luxembourg. 1971 created the Commerzbank as first German Kreditinstitut a branch in New York (the USA).

1994 create the Commerzbank comdirect the bank GmbH, which was umfirmiert 1999 to comdirect the bank AG.

2001 fusion of the CICM (Commerzbank internationally Capital management GmbH, administration of an estate for institutional customers outside of Germany) on the Commerzinvest (Commerzbank Investment management GmbH, special fund daughter).

2002 fusion of the three subsidiaries ADIG (general German investment company ltd., public fund daughter), Commerzinvest and CAM (COMM ore ate manager GmbH, Research and Portfolio management), fortune-administering in Germany resident, to COMINVEST (Cominvest ate management GmbH). The label name ADIG is maintained for the public funds of the Cominvest.

2003 arose rumors that the Commerzbank wanted to take over the fastened HypoVereinsbank (HVB Group). This was taken over however 2005 of the Italian UniCredit.

In the year 2004 the Commerzbank parts, of the financially fastened SchmidtBank resident in the upper-Frankish yard transferred.

Present

The head office of the Commerzbank AG is in Frankfurt/Main in the second highest office building of Europe, whose point towers above 300 m (259 m without antenna) Frankfurt bank quarters. The Commerzbank multistoried building was established until 1996 after drafts of the architect Sir Norman Foster.

In November 2005 the Commerzbank AG published the planned complete assumption of the Eurohypo AG. Afterwards the Commerzbank - subject to the necessary committee agreement - plans to take over the portions of alliance (28.48%) and German bank (37.72%). With this acquisition the Commerzbank on the 2 moves. Place under all German banks up.

Substantial participation (selection)

• 72.0% - BRE bank SA (Poland)
• 80.0% - bank AG, Quickborn comdirect
• 1.6% - MedioBanco (Spain)
• 1.1% - AMB Generali
• - COMINVEST ate management S.A., Luxembourg
• - Caisse Centrale de S.A. (France)
• - First European mortgage bond and local credit bank AG (Luxembourg)
• - Jupiter internationally Group PLC (Great Britain)
• - Korea Exchange bank (South Korea)
• - P.T. Bank Finconesia (Indonesia)
• - Meal Hyp - mortgage bank in meal AG
• - pdv. Com consultation GmbH in Bremen
• - Afina Pentor (Spain)

besides industrial participations under others exist on: ThyssenKrupp AG, MAN AG, lime tree AG

Literature

• Commerzbank AG (Hrsg.), 100 years Commerzbank 1870-1970; Frankfurt A.M. 1970
• Commerzbank AG (Hrsg.), the bank - Dienstleister in the change. 125 years Commerzbank; Frankfurt A.M. 1995
• Ludolf autumn and Thomas's consecration (Hrsg.), the Commerzbank and the Jews 1933-1945 Munich 2004
• Detlef ruffle, the beginnings of the COMM ore and Disconto bank in Hamburg; in: Bank-historical archives 23 (1997), 20-55
• ders., historical archives of the Commerzbank AG; in: Archives and economics 23 (1990), 52-56
• ders., the "“COMM ore and Disconto bank"” in Berlin. From the address to the head office of a major bank; in: Kristina Wilfried G. more prettily and Detlev Hummel (Hrsg.), banking transactions at Havel and Spree. History - traditions - perspectives; Potsdam 2000, 157-189
• Herbert wolf, the end of private bank activity in Central Germany - represented by the example of the Commerzbank; in: Bank-historical archives, 16 (1990), 116-125

Related links

• Commerzbank AG
• comdirect bank AG
• Cominvest ate management GmbH
• ADIG Investment
• Eurohypo AG
• Firm customer portal

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