Facing potential acquisition by the Italian firm Unicredit, the Commerzbank announced a sweeping reduction of approximately 3,000 jobs across the group. The bank stated its goal is to significantly boost profitability, aiming for a net profit of 4.6 billion euros by 2028 and an even higher 5.9 billion euros by 2030. Furthermore, the institution plans to increase its net equity return to 21 percent by 2030.
Building on recent performance, the Commerzbank reported an operating result of 1.4 billion euros for the first quarter of 2026, marking an 11 percent increase. Provisions surplus specifically reached 1.1 billion euros. Based on these strong results, the bank raised its full-year forecast for 2026, projecting a net profit of at least 3.4 billion euros.
Looking ahead, the bank is also heavily committing to Artificial Intelligence (AI) to enhance efficiency and open up new growth sectors. Over the next decade, Commerzbank intends to invest around 600 million euros into AI initiatives, improvements that will boost both productivity and service quality. The bank anticipates that AI will contribute an annual value of approximately 500 million euros starting in 2030.