Commerzbank CEO Warns Against UniCredit Takeover Due to Financial Risks

Bettina Orlopp highlights potential credit and integration challenges from the Italian bank's growing stake.

Commerzbank CEO Bettina Orlopp has expressed concerns over a potential takeover by UniCredit, citing significant financial risks.
Orlopp warns that the merger could lead to a downgrade in Commerzbank's credit rating, impacting customer retention and increasing refinancing costs.
The integration of two large banks is described as extremely challenging, with past experiences showing prolonged operational disruptions.
German companies could face reduced credit access due to overlap between Commerzbank and UniCredit's German subsidiary HVB.
Orlopp emphasizes the strategic importance of maintaining Commerzbank as an independent entity, supported by plans to improve its financial performance by 2027.