Commerzbank (DE:CBK) has released an update.
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Commerzbank has announced the initiation of its third share buyback program, with the first tranche valued at approximately €600 million set to commence after the release of its third-quarter results. This move, approved by the German Finance Agency and the European Central Bank, aims to return at least 70% of the net result for the 2024 financial year to shareholders, combining dividends and the buyback. The initiative underscores Commerzbank’s commitment to creating long-term value for its investors.
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