Commerzbank AGM Approves Dividend and Strategic Resolutions

The Commerzbank Annual General Meeting concluded with all agenda items approved, highlighting strong support from shareholders. The proposed dividend of 65 cents per share received a majority of 99.89%, resulting in a €733 million payout. Including share buybacks, a total of €1.73 billion will be returned to shareholders for the 2024 financial year, a move that represents 71% of the net result post-AT-1 coupon deductions.

Key authorisations for share buybacks up to 10% of capital were granted, maintaining the bank's strategy of combining buybacks with dividends. The meeting also welcomed Sabine Lautenschläger-Peiter and Michael Gorriz to the Supervisory Board, succeeding members who resigned post-meeting.

CEO Bettina Orlopp emphasized the bank's commitment to reliability and strategic investment, aiming for sustained growth and value creation. Chairman Jens Weidmann stressed the bank's crucial role amid geopolitical and economic challenges, positioning Commerzbank as a significant player in Germany’s economic transformation.