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Commerzbank's priority is quick execution of standalone strategy, CEO says

Commerzbank's priority is quick execution of standalone strategy, CEO says

Reuters13-05-2025
FRANKFURT, May 13 (Reuters) - Commerzbank's (CBKG.DE), opens new tab priority is the execution of its own strategy and that markets can see what the lender can achieve as a standalone company, CEO Bettina Orlopp plans to tell shareholders at an annual meeting this week.
The prepared remarks, published by Commerzbank on Tuesday for delivery on Thursday, come as the German bank fends off a possible takeover by Italy's UniCredit (CRDI.MI), opens new tab.
Last week, Commerzbank beat expectations with its earnings report for the first quarter despite strong headwinds for the German economy.
"The capital market now knows that we have a convincing plan to create value - and what we can achieve as an independent bank," Orlopp said.
She added that the bank is "always prepared to look at alternative options with an open mind" but that the priority was the swift implementation of its own strategy.
The stance is in line with her recent comments.
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