Clean Break: the company completely halting Russian engagements or exiting Russia

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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

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Revenue(RF), mln.USD
82
Glob.Revenue, mln.USD
12783
Capital(RF), mln.USD
262
Assets(RF), mln.USD
701
Taxes(RF), mln.USD
14
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.

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Statements Archive
September 17, 2024Russia's RusChemAlliance sues five European banks over aborted gas project
May 20, 2024Unicredit, 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, 2024ECB rushing banks to quit Russia FT
May 18, 2024Russian court seizes €700mn assets from UniCredit, Deutsche Bank and Commerzbank
March 29, 2024MLP Management Company Mikhail Gutseriev is ready to sue the creditor Commerzbank only in the Russian Federation
October 11, 2023Deutsche Bank, Commerzbank block Gazprom subsidiary's Russian lawsuits
July 04, 2023Rushimalliance filed claims for 31 billion rubles against Deutsche Bank and Commerzbank
March 09, 2023The second largest bank in Germany stopped making payments in the Russian Federation
March 09, 2023Commerzbank Pressed by ECB to Reduce Risks at Russian Business
March 12, 2022Commerzbank Stops New Russia Business, Winds Down Transactions
March 12, 2022Commerzbank Stops New Russia Business, Winds Down Transactions
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