Commerzbank

Helmut Gottschalk has decided to be no longer available as Chairman of the Supervisory Board. Dr. Jens Weidman to be nominated for election as successor

Retrieved on: 
Sunday, November 27, 2022

Helmut Gottschalk has decided to be no longer available as Chairman of the Supervisory Board.

Key Points: 
  • Helmut Gottschalk has decided to be no longer available as Chairman of the Supervisory Board.
  • Dr. Jens Weidman to be nominated for election as successor
    Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.
  • He has furthermore proposed Dr. Weidmann as new member of the Supervisory Board, who will also be available as Chairman of the Supervisory Board if he is elected.
  • It is also intended that he will subsequently be elected the successor of Helmut Gottschalk as Chairman.

EQS-News: EQS Group AG continues its growth in Q3 2022

Retrieved on: 
Friday, November 11, 2022

EQS Group AG (ISIN: DE0005494165) continues to grow at double digit rates in the third quarter of 2022, although the implementation of the act on whistleblower protection in Germany has not been implemented yet and the inorganic growth effect is levelling off.

Key Points: 
  • EQS Group AG (ISIN: DE0005494165) continues to grow at double digit rates in the third quarter of 2022, although the implementation of the act on whistleblower protection in Germany has not been implemented yet and the inorganic growth effect is levelling off.
  • In the months of July to September, the Group generated sales revenue of EUR 15.05 million (previous year EUR 12.87 million).
  • EQS Group AG has restructured the Commerzbank acquisition loan, initially amounting to EUR50million, for the acquisition of Business Keeper GmbH under the aegis of Commerzbank.
  • The ECEC was founded by EQS Group AG three years ago and has since received a high degree of approval and recognition from the participants.

Commerzbank continues strong business performance – key targets confirmed

Retrieved on: 
Friday, November 11, 2022

Over the course of the third quarter, revenue momentum continued to increase driven by strong customer business and rising interest rates.

Key Points: 
  • Over the course of the third quarter, revenue momentum continued to increase driven by strong customer business and rising interest rates.
  • Thus, Commerzbank is well on track to reach the target of 207 billion by the end of the year.
  • Against the backdrop of a continued strong customer business and rising interest rates, Commerzbank increased its revenues by 12% to 7,098 million (9M2021: 6,353million) from January to September.
  • The Bank continues to target total costs at 6.4billion, although pressure from inflation continues to increase.

EQS-News: SNP Integrates Sustainability Component into Debt Financing for the First Time

Retrieved on: 
Monday, November 7, 2022

The interest rate is linked to the EcoVadis ESG rating of SNP.

Key Points: 
  • The interest rate is linked to the EcoVadis ESG rating of SNP.
  • We are working to continuously improve our sustainability structures in all three areas of Environment, Social and Governance.
  • The link between our financing and sustainability strategy is thus becoming even more established, says Michael Eberhardt, CEO of SNP SE.
  • If SNP surpasses the defined target values in the areas of Environment, Social and Governance, the interest payments are reduced.

Cross Ocean Partners launches its first CLO post acquisition of the Bosphorus European CLO platform from Commerzbank

Retrieved on: 
Tuesday, November 1, 2022

LONDON, Nov. 1, 2022 /PRNewswire/ --On 26 October 2022, Cross Ocean Partners ("Cross Ocean"), a leading global credit investment manager with $6.2 billion of AUM,[i] completed Bosphorus CLO VII ("CLO VII"), the seventh CLO from the Bosphorus team and the first under Cross Ocean's management.

Key Points: 
  • LONDON, Nov. 1, 2022 /PRNewswire/ --On 26 October 2022, Cross Ocean Partners ("Cross Ocean"), a leading global credit investment manager with $6.2 billion of AUM,[i] completed Bosphorus CLO VII ("CLO VII"), the seventh CLO from the Bosphorus team and the first under Cross Ocean's management.
  • Cross Ocean acquired the Bosphorus European CLO platform, its three CLOs and five-person team from Commerzbank in December 2021.
  • The transaction established Cross Ocean's footprint in the European CLO market, further deepening Cross Ocean's presence in the European credit space.
  • Graham Goldsmith and Steve Zander, co-CIOs of Cross Ocean, commented: "We are very happy to have welcomed Guy and his team to Cross Ocean.

Cross Ocean Partners launches its first CLO post acquisition of the Bosphorus European CLO platform from Commerzbank

Retrieved on: 
Tuesday, November 1, 2022

Cross Ocean acquired the Bosphorus European CLO platform, its three CLOs and five-person team from Commerzbank in December 2021.

Key Points: 
  • Cross Ocean acquired the Bosphorus European CLO platform, its three CLOs and five-person team from Commerzbank in December 2021.
  • The transaction established Cross Ocean's footprint in the European CLO market, further deepening Cross Ocean's presence in the European credit space.
  • Since the team, led by London-based Guy Beeston, joined Cross Ocean, it has hired two new members and been fully integrated into the wider Cross Ocean business.
  • Graham Goldsmith and Steve Zander, co-CIOs of Cross Ocean, commented: "We are very happy to have welcomed Guy and his team to Cross Ocean.

Iveco Group N.V. announces successful signing of a euro 400 million syndicated term facility

Retrieved on: 
Friday, October 28, 2022

Today Iveco Group (MI: IVG) (the Company) has signed a euro 400 million syndicated term facility with Banco Bilbao Vizcaya Argentaria, Banco Santander, Bank of America, Barclays, BNP Paribas, Commerzbank, Deutsche Bank, Intesa Sanpaolo, Mediobanca Banca di Credito Finanziario, Mizuho Bank, Rabobank, Socit Gnrale and Unicredit as Bookrunners and Mandated Lead Arrangers.

Key Points: 
  • Today Iveco Group (MI: IVG) (the Company) has signed a euro 400 million syndicated term facility with Banco Bilbao Vizcaya Argentaria, Banco Santander, Bank of America, Barclays, BNP Paribas, Commerzbank, Deutsche Bank, Intesa Sanpaolo, Mediobanca Banca di Credito Finanziario, Mizuho Bank, Rabobank, Socit Gnrale and Unicredit as Bookrunners and Mandated Lead Arrangers.
  • The proceeds will be used to refinance the current term facility, ahead of the final maturity which would fall in January 2024.
  • This new facility confirms the firm support to Iveco Group from its key international relationship banks.
  • Iveco Group employs approximately 34,000 people around the world and has 28 manufacturing plants and 29 R&D centres.

EQS-News: Nagarro refinances its syndicated loan facility

Retrieved on: 
Wednesday, September 28, 2022

September 28, 2022 - Nagarro, a global digital engineering leader, has refinanced its existing syndicated loan facility at very attractive conditions.

Key Points: 
  • September 28, 2022 - Nagarro, a global digital engineering leader, has refinanced its existing syndicated loan facility at very attractive conditions.
  • The new financing arrangement, which has been closed on September 27, 2022, has the following key features:
    An increase of the syndicated loan facility amount from 250 million to 350 million.
  • The option to further increase the loan facility amount to 450 million.
  • The banking consortium comprises the same financial institutions as under the previous syndicated loan facility agreement, i.e.

Regnology Announces its 29th Annual RegTech Convention on 29th – 30th November

Retrieved on: 
Wednesday, September 28, 2022

Regnology, a leading software provider with an exclusive focus on regulatory reporting solutions has announced its 29th annual RegTech Convention, taking place on the 29th-30th November in Frankfurt, Germany and virtually.

Key Points: 
  • Regnology, a leading software provider with an exclusive focus on regulatory reporting solutions has announced its 29th annual RegTech Convention, taking place on the 29th-30th November in Frankfurt, Germany and virtually.
  • The convention will bring together nearly 2,000 delegates across regulatory authorities, supervisory agencies, and financial institutions to explore the evolving trends in regulation.
  • The theme for this years convention is Regulation 3.0, which will be explored across 30 keynotes and panel discussions from leading industry experts and Regnology subject matter experts.
  • This years RegTech convention is the second since the appointment of Regnology CEO Rob Mackay in 2021.

Additional provisions for CHF loan portfolio at mBank of €490m – Commerzbank’s result impacted by corresponding amount; nevertheless, more than €1bn net result expected for 2022

Retrieved on: 
Tuesday, September 27, 2022

Additional provisions for CHF loan portfolio at mBank of 490m Commerzbanks result impacted by corresponding amount; nevertheless, more than 1bn net result expected for 2022

Key Points: 
  • Additional provisions for CHF loan portfolio at mBank of 490m Commerzbanks result impacted by corresponding amount; nevertheless, more than 1bn net result expected for 2022
    Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.
  • mBank in Poland will additionally provision PLN 2,336 million (appr.
  • 490 million) for its CHF loan portfolio in Q3.
  • Commerzbanks third quarter operating result is expected to be burdened by a corresponding amount which will be booked as negative revenues in Other net income.