Overview

• The bank lifted its 2025 net profit target by €100 million to around €2.5 billion following a stronger-than-expected second quarter.
• Second-quarter net profit stood at €462 million, down 14 percent year-on-year mainly due to nearly €500 million in one-off restructuring charges tied to cutting 3,900 jobs.
• Excluding restructuring costs, Commerzbank delivered a record €2.4 billion operating result for the first half of 2025, its best-ever six-month performance.
• Commerzbank’s board has applied to repurchase up to €1 billion of shares and plans shareholder payouts to lift the stock price and deter acquisition attempts.
• UniCredit holds just over 20 percent of Commerzbank with options to approach the 30 percent threshold that triggers a mandatory takeover offer, but management, the works council and the German government remain opposed to a sale.