27/02/2013
Commerzbank Group today repaid in full the approximately EUR 6.2 billion of liquidity raised in the European Central Bank’s (ECB) second Long-Term Refinancing Operation (LTRO II). In February 2012 entities of the Bank had participated in the ECB’s tender operations in order to reduce the need for intra-group funding and to fund European sovereign bonds in the Bank’s portfolio directly within Commerzbank’s foreign entities. As a result of the stabilising measures of the European Central Bank, the Bank has repaid this liquidity, as already announced on February 15, 2013, 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, Mittel-standsbank, 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 2012, it generated revenues of just under EUR 10 billion with approximately 56,000 employees on average.
