Commerzbank has signaled a heightened openness to larger acquisitions, expanding its previous strategy of smaller bolt-on purchases. According to an interview with Thomas Schaufler, Head of Private Customers, in the Handelsblatt, the bank is actively evaluating potential acquisition opportunities, with a particular focus on asset and wealth management.
Schaufler indicated that the acquisition of customer portfolios from other financial institutions is also under consideration. He emphasized the bank’s strengthened position, stating that Commerzbank is now equipped to handle and integrate larger entities, maximizing the utilization of its existing systems. This marks a shift in the bank’s growth strategy following acquisitions in 2024, including the acquisition of asset specialist Aquila Capital for approximately €200 million and a participation in investment firm Nixdorf Kapital.
Beyond organic growth, Commerzbank is also exploring strategic partnerships to broaden its offering to affluent clients. Ventures capital investments are being evaluated with a potential partner sought and the bank aims to expand its private equity offerings, reportedly targeting a second partnership alongside Allianz Global Investors. Should client demand for private equity investments continue to rise, Commerzbank indicated a willingness to pursue acquisitions in this area as well. The bank’s evolving strategy occurs against a backdrop of ongoing discussions with Italian banking group UniCredit, which has expressed interest in acquiring Commerzbank.