Germany announced in the end of this week that 3,900 jobs will turn off, with more ambitious financial goals as part of an updated strategy that should strengthen its position.
Most jobs should be extinguished in Germany, with the planned completion of the program until 2028. years. Commerzbank will employ abroad at the same time, which means that full-time employees will be unchanged, standing in the statement.
The Directorate under the guidance of the Executive Director of Bettina Orlopp has been adapting for the strategy for months that will reveal the “significant potential of the value of Commerzbank in its words.
They have already announced that the restructuring of them would bring them 700 million euros in costs.
At the same time, the Management Board raised the target level of the noted net profit in 2027. year from 3.6 billion to 3.7 billion euros. The ratio of costs and revenue should in 2027, according to the latest estimates, amount to 53 percent, and be lower for one percentage point than in previous plans.
In 2024. The German Lender income increased by six percent, to 11.1 billion euros, following the rate of increase and commissions. Interest income was retained in the package in 2023. Years.
UniCredit Italian Bank increased the share of Komercbanka at some 28 percent, with a repeated note that the move should be interpreted only as an investment. They also requested from the regulator, the European Central Bank (ECB), permit to increase sharing up to 29.9 percent. If it reaches 30 percent, UniCredit will have to submit a public offer for download, telegraph.
