30/01/2013
Commerzbank group today repaid in full the liquidity of 10 billion euros raised in the first Long-Term Refinancing Operation (LTRO) by European Central Bank (ECB). In December 2011 the Commerzbank subsidiary Hypothekenbank Frankfurt (at that time Eurohypo) had participated in the ECB tendering process.
As a result of the stabilising measures of the European Central Bank, as well as the ongoing reduction of the portfolio in the Non-Core Assets (NCA) segment, the bank has repaid this liquidity, as announced in November 2012, two years before it is due.
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About Commerzbank
Commerzbank is a leading bank in Germany and Poland. It is also present worldwide in all markets for its customers as a partner to the business world. With the business areas Private Customers, Mittelstandsbank, Corporates & Markets and Central & Eastern Europe, it offers its private and corporate clients as well as institutional investors the banking and capital market services they need. With some 1,200 branches Commerzbank has one of the densest branch networks among German private banks. In total, Commerzbank boasts nearly 15 million private customers, as well as 1 million business and corporate clients. In 2011, it generated revenues of just under EUR 10 billion with some 58,000 employees.
