Overview

• The market repurchase, the bank's fifth since 2023, is scheduled to run through February 2026.
• Commerzbank intends to retire the purchased shares, which would shrink the share count and lift existing investors' ownership percentages.
• UniCredit currently holds about 29% of Commerzbank via shares and derivatives, so a smaller share base could push it over Germany's 30% mandatory-offer trigger.
• CEO Bettina Orlopp said returning capital to shareholders is a central pillar of the bank's strategy to create value.
• CFO Carsten Schmitt signaled rising allocations to dividends and buybacks through 2028 to support the stock and improve return on equity.