|Traded as||FWB: CBK|
|Founded||26 Feb 1870|
|Martin Blessing (CEO and Chairman of the executive board), Klaus-Peter Müller (Chairman of the supervisory board)|
|Total assets||€549.7 Billion FYE 2013|
Number of employees
|51,782 June 2014|
Commerzbank AG is a global banking and financial services company founded in 1870 with its headquarters in Frankfurt Germany.
Commerzbank is Germany's second-largest bank, holding a nationwide network of branch offices, numerous offshore branch offices and representations in more than 50 countries globally which employed a total of 51,782 employees as at June 2014.
Commerzbank offers its clients retail and commercial financing services, investment banking services, asset management & private banking services.
Commerzbank was founded in 1870 by individual and merchant bankers in Hamburg, Germany. Ship owner C. Woermann was the first chairman of the super-visory board of Commerz- und Disconto-Bank from 1870. (Commerz- und Disconto-Bank Hamburg 1874 pictured (right)).
The bank grew through a series of over 50 mergers, acquisitions and restructures in the following period through hyperinflation and the accompanied difficulties in the German economy. In 1940, the name Commerzbank Aktiengesellschaft, by which the bank was generally known, was officially adopted.
With the division of Europe after WW2, three regional banks were united in 1958 to form Commerzbank AG, which had its headquarters in Düsseldorf. Commerzbank stepped up its economic financing activities and 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.
Further mergers, acquisitions and restructures saw the group grow to servicing over 4 million customers in 1998, 6 million customers in 2001 and 15 million post the Global Financial Crisis oriented takeover of Dresdner Bank from Allianz for €5.5 billion in 2008.
Commerzbank Tower is the tallest building in Frankfurt and the tallest building in Germany measuring 300.1 m (985 ft) to antenna top with 56-storeys. It was designed by British architect Norman Foster and was Europe's first ecological skyscraper.
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