Commerzbank Initiates Third Share Buyback Program

Commerzbank AG has announced the commencement of its third share buyback program, set to begin following the publication of its third-quarter results. The Board of Managing Directors, after receiving approval from the German Finance Agency and the European Central Bank (ECB), has greenlit the buyback plan.

The first tranche worth approximately €600 million is expected to conclude by mid-February 2025. This initiative is part of a broader capital return strategy for the 2024 financial year, which also includes dividend payments.

CEO Bettina Orlopp emphasized the bank's commitment to shareholders, promising to return at least 70% of the net result for 2024. The buyback reflects a strategic effort to deliver long-term value.

Progress will be regularly updated on Commerzbank's website as the buyback unfolds.