Commerzbank lifts targets after record quarter and sets ambitious 2030 growth plan

The latest announcement is out from Commerzbank ( (DE:CBK) ).

Commerzbank reported a record first-quarter operating profit of €1.4bn and a 9% rise in net profit to €913m, driven by higher revenues, strong commission income and efficiency gains that cut its cost-income ratio to 53%. Corporate lending volumes expanded sharply, risk costs stayed low and net RoTE climbed to 12.7%, prompting the bank to lift its 2026 net result target to at least €3.4bn.

Under its refined “Momentum 2030” strategy, Commerzbank set more ambitious growth and profitability goals, targeting net RoTE of 21% and a cost-income ratio of 43% by 2030, supported by revenue growth to €16.8bn and stable or lower underlying costs. The bank plans around €600m in AI investments, expects AI-driven efficiencies worth about €500m annually from 2030 and will cut around 3,000 gross positions, while maintaining a 100% payout ratio until its CET1 capital ratio reaches 13.5%, including a planned €2.7bn capital return for 2025.

Commerzbank also signalled a cautious stance on UniCredit’s takeover proposal, criticising the lack of a premium and what it calls vague integration plans with significant execution risks. The lender remains open to talks if UniCredit offers an attractive premium and a clearer plan that respects Commerzbank’s business model and strategic pillars, underscoring management’s confidence in its standalone growth path.

More about Commerzbank

Commerzbank is a major German banking group focused on retail, small-business and corporate clients, with a strong presence in its domestic market and operations through its Polish subsidiary mBank. The bank emphasises advisory services, brokerage, lending and deposit products, and is increasingly integrating artificial intelligence to boost efficiency and customer service.

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