Commerzbank

EBA stress test proves Commerzbank’s high resilience

Retrieved on: 
Friday, July 28, 2023
Exercise, European Central Bank, European Banking Authority, EBA, Common equity, Central bank, Commerzbank, Gross domestic product, COVID-19, European, ECB, Environment, Management

In the so-called adverse stress test scenario, which simulates a severe economic crisis, the Common Equity Tier 1 ratio (CET1 ratio) reaches 9.5% at the end of the stress test horizon in 2025.

Key Points: 
  • In the so-called adverse stress test scenario, which simulates a severe economic crisis, the Common Equity Tier 1 ratio (CET1 ratio) reaches 9.5% at the end of the stress test horizon in 2025.
  • In the 2021 stress test, the CET1 ratio had fallen by 502 basis points to 8.2%.
  • This is now also evident in the EBA stress test.
  • The stress test is based on Commerzbank’s CET1 ratio of 14.1% at the end of the financial year on 31 December 2022.

EQS-News: EBA stress test proves Commerzbank’s high resilience

Retrieved on: 
Friday, July 28, 2023
Exercise, European Central Bank, European Banking Authority, EBA, Common equity, Central bank, Commerzbank, Gross domestic product, COVID-19, European, ECB, Environment, Management

In the so-called adverse stress test scenario, which simulates a severe economic crisis, the Common Equity Tier 1 ratio (CET1 ratio) reaches 9.5% at the end of the stress test horizon in 2025.

Key Points: 
  • In the so-called adverse stress test scenario, which simulates a severe economic crisis, the Common Equity Tier 1 ratio (CET1 ratio) reaches 9.5% at the end of the stress test horizon in 2025.
  • In the 2021 stress test, the CET1 ratio had fallen by 502 basis points to 8.2%.
  • This is now also evident in the EBA stress test.
  • The stress test is based on Commerzbank’s CET1 ratio of 14.1% at the end of the financial year on 31 December 2022.

D. E. Shaw Renewable Investments Announces Close of Financing and Start of Construction for 200MWac San Juan Solar and Storage Project in New Mexico

Retrieved on: 
Tuesday, July 11, 2023
Maintenance, Partnership, SG, Public service company, Commerzbank, San Juan Generating Station, Electricity, Trust, National Junior College Athletic Association, United States Environmental Protection Agency, Huntington Bancshares, Engineering, Project, Renewable energy, Airline, SAN, PNM

NEW YORK, July 11, 2023 /PRNewswire/ -- D. E. Shaw Renewable Investments (DESRI) today announced the San Juan 1 Project achieved financial close with its project lenders and initiated construction.

Key Points: 
  • NEW YORK, July 11, 2023 /PRNewswire/ -- D. E. Shaw Renewable Investments (DESRI) today announced the San Juan 1 Project achieved financial close with its project lenders and initiated construction.
  • San Juan 1 is a 200-megawatt (MWac) solar and 100 MWac battery storage facility adjacent to the former San Juan Generating Station in San Juan County, NM.
  • "DESRI is thrilled to announce the start of construction at San Juan 1.
  • San Juan 1 is DESRI's third project in New Mexico and first project in San Juan County.

EQS-News: Commerzbank successfully completes first share buy-back programme

Retrieved on: 
Friday, June 23, 2023
ISIN, Bank, Commerzbank, Executive officer, Security (finance)

CFO Bettina Orlopp: “With the completion of our first share buy-back, we have successfully established this capital distribution instrument.”

Key Points: 
  • CFO Bettina Orlopp: “With the completion of our first share buy-back, we have successfully established this capital distribution instrument.”
    Commerzbank AG successfully completed its first share buy-back programme today (Friday).
  • This corresponds to a share of 0.97% of the Bank’s share capital.
  • The share buy-back programme complemented the dividend payment of 20 cents per share for the 2022 financial year.
  • “With the completion of our first share buy-back, we have successfully established this capital distribution instrument.

Commerzbank successfully completes first share buy-back programme

Retrieved on: 
Friday, June 23, 2023
ISIN, Bank, Commerzbank, Executive officer, Security (finance)

CFO Bettina Orlopp: “With the completion of our first share buy-back, we have successfully established this capital distribution instrument.”

Key Points: 
  • CFO Bettina Orlopp: “With the completion of our first share buy-back, we have successfully established this capital distribution instrument.”
    Commerzbank AG successfully completed its first share buy-back programme today (Friday).
  • This corresponds to a share of 0.97% of the Bank’s share capital.
  • The share buy-back programme complemented the dividend payment of 20 cents per share for the 2022 financial year.
  • “With the completion of our first share buy-back, we have successfully established this capital distribution instrument.

EQS-News: Commerzbank continues to aim for a significantly higher net profit in 2023 despite additional burdens in Poland

Retrieved on: 
Friday, June 23, 2023
ECJ, PLN, European Court, European Court of Justice, MBank, Commerzbank, Bank

Overall, the provision for legal risks arising from mBank’s Swiss franc loans now amounts to a total of PLN 7.517 billion (around €1.7 billion).

Key Points: 
  • Overall, the provision for legal risks arising from mBank’s Swiss franc loans now amounts to a total of PLN 7.517 billion (around €1.7 billion).
  • The additional provisions in Poland will have a corresponding negative impact on Commerzbank’s operating result in the second quarter of the current year.
  • Despite this burden, Commerzbank still aims for a net result in 2023 well above that of 2022.
  • In addition, a legal solution to the foreign currency issue in Poland would be desirable.”

Additional provisions for CHF loan portfolio at mBank of €342m – Commerzbank still aiming for a net profit in 2023 well above that of 2022

Retrieved on: 
Friday, June 23, 2023
Justice, Risk management, Commerzbank, MBank, PLN, ECJ, CHF, Security (finance), Q2

€342 million) for its CHF loan portfolio in Q2.

Key Points: 
  • €342 million) for its CHF loan portfolio in Q2.
  • Commerzbank’s second quarter operating result will be burdened by a corresponding amount which will be booked as negative revenues in “Other net income”.
  • Despite this burden, Commerzbank still aims for a net result in 2023 well above that of 2022.
  • Commerzbank has no obligation to update or release any revisions to the forward-looking statements contained in this release to reflect events or circumstances after the date of this release.

Commerzbank continues to aim for a significantly higher net profit in 2023 despite additional burdens in Poland

Retrieved on: 
Friday, June 23, 2023
ECJ, PLN, European Court, European Court of Justice, MBank, Commerzbank, Bank

Overall, the provision for legal risks arising from mBank’s Swiss franc loans now amounts to a total of PLN 7.517 billion (around €1.7 billion).

Key Points: 
  • Overall, the provision for legal risks arising from mBank’s Swiss franc loans now amounts to a total of PLN 7.517 billion (around €1.7 billion).
  • The additional provisions in Poland will have a corresponding negative impact on Commerzbank’s operating result in the second quarter of the current year.
  • Despite this burden, Commerzbank still aims for a net result in 2023 well above that of 2022.
  • In addition, a legal solution to the foreign currency issue in Poland would be desirable.”

EQS-News: thyssenkrupp nucera plans Initial Public Offering

Retrieved on: 
Monday, June 12, 2023
Hydrogen, IPO, Partnership, AFRICA, AWE, Banco Santander, Frankfurt Stock Exchange, UniCredit, The Rev, ThyssenKrupp, Hydrogen Council, AG, Uhde, Commerzbank, Intesa Sanpaolo, AMERICA, Carbon, Deutsche Bank, Element, EBIT, McKinsey & Company, Citigroup, Growth, Climate, Investment banking, NEOM, Security (finance), Management, Machine, Renewable energy

The Initial Public Offering (IPO) and listing of thyssenkrupp nucera’s shares is expected to be completed before the summer break, subject to capital market conditions.

Key Points: 
  • The Initial Public Offering (IPO) and listing of thyssenkrupp nucera’s shares is expected to be completed before the summer break, subject to capital market conditions.
  • thyssenkrupp AG intends to remain a committed shareholder of thyssenkrupp nucera and will retain a majority stake in the hydrogen technology provider while securing to create a liquid market for the shares of thyssenkrupp nucera following the completion of the IPO.
  • De Nora, which holds 34% of the shares of thyssenkrupp nucera, is committed to continue the long-standing partnership with thyssenkrupp AG and thyssenkrupp nucera.
  • thyssenkrupp AG is committed to remaining a long-term shareholder of thyssenkrupp nucera and accompanying its growth strategy.”
    Paolo Dellachà, CEO of De Nora said: “We are strongly committed to our strategic partnership with thyssenkrupp nucera.

EQS-News: Photon Energy Group Share Receives ‘Buy’ Recommendation from mBank

Retrieved on: 
Thursday, June 1, 2023
Photon, Clean technology, John D Wood & Co., Photon energy, PFAS, RES, WSE, MBank, Research, CZK, Commerzbank, PLN, EUR, DSR, EBITDA, ESCO, Growth, FSX, Security (finance), Renewable energy

Photon Energy Group’s  share  received a ‘Buy’ recommendation with a target price of PLN 18.54 (approx.

Key Points: 
  • Photon Energy Group’s  share  received a ‘Buy’ recommendation with a target price of PLN 18.54 (approx.
  • The analysts believe that Photon Energy Group is perfectly positioned to leverage the fast growing demand for energy services driven by the global shift to renewables.
  • Amsterdam – 29 May 2023 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’, the ‘Group’ or the ‘Company’) announces that its stock has been given a ‘Buy’ recommendation by mBank’s research house.
  • mBank estimates that even with conservative assumptions as to power prices, the annual EBITDA of Photon Energy Group can grow 60% in 3 years.