Reported 21 days ago
Commerzbank's CEO Bettina Orlopp is working on a strategy to unlock capital in response to a potential takeover by UniCredit. She aims to keep risk-weighted asset growth below targets and improve profitability by reducing exposure to low-yield clients, increasing significant risk transfers, and boosting transactions with existing clients. Furthermore, Commerzbank has received ECB approval for a €600 million share buyback, marking a significant step in Orlopp's plan to position the bank independently and enhance its appeal to shareholders.
Source: YAHOO