The second largest German bank, Commerzbank, announced on Thursday that they will eliminate 3,900 permanent positions by 2028. year, mainly in parent Germany, because it presented a number of new strategic goals.
The decrease in the number of jobs will be accompanied by increasing the number of employees in “selected areas”, such as international sites, which will result in a constant global number of employees from 36,700, states the bank in its strategic updating of goals.
The lender envisions about 700m euros in the cost of restructuring before tax in 2025, aiming at the net result of 2.4 billion euros after these costs for the year. Plans the ratio of payments greater than 100% in the period 2025-2028, after deducting restructuring costs and additional bond coupons Tier 1 (at 1).
Income in 2024. amounted to 11.1 billion euros, compared to EUR 10.461 billion in 2023, reminders CNBC.
Commerzbank has disclosed its record annual performance of two weeks before the planned publication of financial results, in an attempt to be in accordance with German legal requirements.
It was then announced that net profit increased by 20 percent on the forecast 2.68 billion euros in 2024. years, in the purchase plans of 400m euros and increasing dividends to 0.65 euros per share, compared to 0.35 euros per action in the previous year.
