Clean Break: the company completely halting Russian engagements or exiting Russia
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Commerzbank
Commerzbank
Commerzbank is a German banking group. In terms of assets, the bank ranks third in Germany and twenty-third in Europe.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalGlob.Revenue, mln.USD
12783
The Company Statement
May 18, 2024
Winding down operations in Russia. Stopped new transactions in Russia. The German Commerzbank, which is the second largest in Germany, stopped making payments to Russia. The only exception made is for its "daughter" — the credit organization "Kommertsbank (Eurasia)". Rushimalliance filed claims for 31 billion rubles against Deutsche Bank and Commerzbank. Deutsche Bank and Commerzbank blocked Gazprom subsidiary's Russian lawsuits. A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed.
| May 20, 2024 | Unicredit, because Russia has seized accounts and assets for 463 million (but the stock is holding up). Orcel's moves and EU banks in Putin's sights |
| May 20, 2024 | ECB rushing banks to quit Russia FT |
| May 18, 2024 | Russian court seizes €700mn assets from UniCredit, Deutsche Bank and Commerzbank |
| March 29, 2024 | MLP Management Company Mikhail Gutseriev is ready to sue the creditor Commerzbank only in the Russian Federation |
| October 11, 2023 | Deutsche Bank, Commerzbank block Gazprom subsidiary's Russian lawsuits |
| July 04, 2023 | Rushimalliance filed claims for 31 billion rubles against Deutsche Bank and Commerzbank |
| March 09, 2023 | The second largest bank in Germany stopped making payments in the Russian Federation |
| March 09, 2023 | Commerzbank Pressed by ECB to Reduce Risks at Russian Business |
| March 12, 2022 | Commerzbank Stops New Russia Business, Winds Down Transactions |
| March 12, 2022 | Commerzbank Stops New Russia Business, Winds Down Transactions |
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