Commerzbank AG (XSWX:CBK)
CHF 34.95 +0.070 (+0.2%) Market Cap: 37.77 Bil Enterprise Value: 45.74 Bil PE Ratio: 17.30 PB Ratio: 1.23 GF Score: 57/100

Commerzbank AG at Morgan Stanley European Financials Conference Transcript

Mar 17, 2026 / 12:00PM GMT
Release Date Price: CHF8.12
Unidentified Participant

Hi. Good morning, everyone. I'm pleased to be joined today by Bettina Orlopp, CEO of Commerzbank.

Thank you for being with us, Bettina.

Bettina Orlopp
Commerzbank AG - Deputy Chairwoman of the Board of Managing Directors, Chief Financial Officer

Thank you, Julia.

Questions & Answers

Unidentified Participant

I have plenty of questions for you. I'm sure the room has as well. But first, as always, we start with the following question. And if I can have it -- lean.

Oh, okay. So not related to UniCredit, we will get to UniCredit in a second, but what is the best use of excess capital for Commerzbank beyond the planned 100% profit distribution: one, pitch for additional buybacks for the regulator; two, pursue bolt-on acquisitions; three, pursue organic growth; or four, invest into AI and further cut costs?

Buybacks. Okay. We will get to this in a second, but let me start with the topic of the day, UniCredit announcement yesterday, their intention to increase the stake in

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