Commerzbank Aktiengesellschaft is a pioneer in the German financial markets, with a customer-oriented, innovation-driven, customer-driven approach to retail banking, corporate finance and international trade finance. Founded in 1870 by businessmen and bankers in Hamburg to support trade and industrial development in Germany, it is headquartered in the financial center of Frankfurt, Germany. As a bank listed on the Frankfurt Stock Exchange (ticker symbol: CBK) and the over-the-counter market (OTCMKTS: CRZBY), Commerzbank serves more than 11 million customers, including 26,000 corporate clients and 11 million private and small business clients, and is a leader in the German and European financial markets thanks to its solid financial performance and innovative capabilities.
Basic Bank Information
Commerzbank is a privately owned commercial bank founded on February 26, 1870 and headquartered in Kaiserplatz, Frankfurt, Germany. Founded by businessmen and bankers in Hamburg, the bank became the first German bank to open a branch in New York in 1971 and further expanded in 2009 with the acquisition of Dresdner Bank. Major shareholders include Italy's Unicredit (about 28%), the rest are free float shares, and the German government once held 15% of the shares (which have now exited). Commerzbank is strictly regulated by the European Central Bank (ECB) and the German Federal Financial Supervisory Authority (BaFin) and is subject to the German Banking Act and international financial standards to ensure operational transparency and the safety of customer funds. Its deposits are protected by the German Deposit Protection Scheme, with a maximum protection of €100,000 per depositor. The SWIFT code for the bank is COBADEFFXXX and the Legal Entity Identifier (LEI) is 851WYGNLUQLFZBSYGB56. Commerzbank has branches in more than 50 countries around the world, including Comdirect Bank (Germany) and mBank (Poland), and employs around 45,000 people worldwide.
Deposits & Loans
Deposits
Commerzbank offers a wide range of deposit products to meet the savings needs
of individual and corporate customers
demand deposits: including checking accounts and savings accounts, such as "Commerzbank Girokonto", with a minimum opening amount of €100 and a base annualized rate of return (APY) of approximately 0.05%-0.3%, subject to confirmation of the latest interest rate (Deposit Services) through a branch or online banking
Fixed deposits: support multiple currencies such as EUR, USD, CNY, etc., with deposit terms ranging from 1 month to 5 years, and the minimum deposit amount is 1000 euros. In 2025, the interest rate on fixed deposits will be up to 2.5% (12 months, with a deposit amount of less than 1 million euros), which can be checked online or in a branch.
Featured products:
high-yield savings accounts, such as "Tagesgeldkonto", offer up to 1.5% p.a. interest rate, maintain a balance of more than €10,000, and no monthly fees.
Large Certificates of Deposit (CD): Support flexible tenor, suitable for large amount of money customers, the interest rate needs to be queried through the branch or app, and the early withdrawal penalty is 90 to 180 days of interest.
Customers can check the "Cloud Interest Rate" offer through the "Commerzbank" mobile app or online banking, and the deposit products can be opened and calculated instantly, and some accounts can be free of transaction fees.
Loans
Commerzbank offers a comprehensive range of loan products to meet diverse financing needs:
Mortgages: Fixed- and variable-rate mortgages are available for up to 80% of the value of the property and are repaid over a period of up to 30 years. In 2025, the fixed interest rate will be as low as 1.5% (3-year), and the floating rate will be based on the ECB's benchmark rate (around 4.5%), with cash rebates and green mortgage discounts (energy-efficient homes). To apply, you need a credit score of 700 or more and an annual income of more than 30,000 euros (loan services).
Car loans: New and used car financing is supported, with a loan amount of up to 50,000 euros, a term of up to 72 months, an annualized interest rate (APR) as low as 2.9%, and a credit score of 660 or more.
Personal Line of Credit: includes Commerzbank personal loans (APR as low as 5.9% and amounts up to €200,000) and asset-based overdrafts (up to 95% of the collateral market value) with a monthly salary of at least €30,000 and a good credit history.
Flexible repayment options: Mortgages and personal loans offer no penalty for early repayment, weekly or bi-weekly payment plans, and a revolving line of credit for flexible debt management.
All loans are subject to bank approval, and customers are required to provide credit history, proof of income and asset information, subject to the terms of the loan agreement. The bank's trade finance services, such as letters of credit and trade loans, provide additional support to cross-border businesses (corporate financial services).
Digital service experience
Commerzbank's mobile banking app "Commerzbank" is the core of its digital services, available for download on iOS 14.0 and above and Android 9.0 and above devices, with an App Store rating of about 4.5 and a Google Play rating of about 4.3, with users praising its quick launch (in less than 2 seconds) and intuitive interface (Commerzbank app).
Face recognition: supports biometric authentication (such as Face ID and Touch ID), combined with strong encryption technology to ensure transaction security.
Real-time transfers: Support instant transfers in euros through SEPA and SWIFT, with a daily limit of up to 25,000 euros, international remittances covering more than 100 countries, and cooperation with platforms such as Western Union to provide low-rate transfers.
Bill management: Support online bill payment, automatic deduction and e-statement, and classify transaction records in real time.
Investment Tool Integration: Support stocks, ETFs, mutual funds, and bonds through the Commerzbank investment platform, providing real-time market data and investment advisory services.
The online banking platform "Commerzbank Online Banking" supports multiple browsers and offers similar functions, allowing customers to open an account in less than 5 minutes through the app or official website. The app supports accessibility features such as dynamic font adjustment and VoiceOver compatibility for visually impaired and hearing-impaired customers. Some users reported occasional technical issues, but the bank continued to optimize the user experience (e-banking services).
Technological innovation
Commerzbank is actively exploring in the field of fintech, relying on its technical team to drive digital transformation:
AI customer service: Oliver Dörler appointed as Chief Data & AI Officer in 2025, introducing an AI-driven customer service system to analyze trading behavior and detect fraud risks in real time, with plans to launch a virtual assistant in 2025 to support 24/7 inquiries and personalized financial advice.
Robo-advisor: AI-based investment management services through the Commerzbank investment platform, recommending diversified portfolios based on customer risk appetite, with a minimum investment of €1,000 and no subscription fees.
Open Banking API Support: Compliant with the European Open Banking Standard (PSD2) and integrated with third-party service providers to provide account management and financial services interoperability, particularly in the areas of trade finance and cross-border payments.
Other innovations: support for QR code payments, mobile check deposits, and the eTradeConnect platform to simplify trade finance applications; Launched online foreign exchange service, customers can book foreign currency through online banking and collect it at designated branches. In 2024, the bank will invest 1 billion euros to upgrade its cloud technology and data analytics platform to improve operational efficiency.
Featured Services & Differentiation
Commerzbank is known for its localization and internationalization capabilities:
SME supportAs a major supporter of the German "Mittelstand" (small and medium-sized enterprises), the bank offers customized loans and cash management services, participates in the German government's SME Financing Guarantee Program, and approves loans in as fast as 10 seconds and up to 3 million euros (SME services).
International trade finance: With branches in more than 50 countries around the world, it provides one-third of Germany's trade finance services and supports trade finance (international services) in countries along the "Belt and Road".
Sustainable Finance: Launched green bonds and preferential interest rate loans to support energy-efficient buildings and environmental protection projects, in response to the United Nations Principles for Responsible Banking, and won the "European Green Finance Pioneer Award" in 2023.
Wealth Management: Connecting to the global investment market by providing individual pension funds, unit trusts and insurance products to high-net-worth clients through Commerzbank Wealth Management.
Community Contribution: Supporting education and charity projects through the Commerzbank Foundation, donating 5 million euros in 2023 for community development, holding financial literacy lectures, and improving the financial literacy skills of young people.
Market Position & Accolades
Commerzbank is the second largest bank in Germany, with total assets of around 400 billion euros in 2024, ranking among the top banks in Europe. With more than 1,000 branches serving 11 million customers (including 26,000 corporate customers and 11 million private and small business customers), the bank is a market leader in SME and retail banking. Its international presence covers Europe, Asia and North America, and it ranks high on the Forbes Global 2000 list in 2023. Key accolades include:
The Banker's 2023 Best Commercial Bank in Europe Awards.
2022 Greenwich Associates SME Customer Experience Award.
The 2023 "Best Employer" certification recognizes performance in employee development and community support.
2023 European Green Finance Pioneer Award.
Commerzbank's solid financial performance and innovative ability make it a leader in German and global financial markets.
Conclusion
Commerzbank AG is a pioneer in the German and European financial markets due to its long history, international presence and innovative financial services. It offers a wide range of deposit and loan products, including high-yield savings accounts, term deposits, and flexible mortgages and personal loans, to meet the diverse needs of its customers. In terms of digital services, the "Commerzbank" mobile app is well received for its efficient real-time transfer and investment management functions. Technological innovations, including AI customer service, robo-advisors, and open banking API support, demonstrate its forward-looking digital transformation. With its SME support, international trade finance, commitment to sustainable finance and multiple industry accolades in 2023, Commerzbank continues to demonstrate strong competitiveness and influence in the global financial markets.
Note:
specific interest rates and product details may vary depending on market changes, please contact the Commerzbank website or check with the bank directly for the latest information.
