Chat with Filing

Ask questions about this document

Please log in or register to use the chat feature. Please register first.

DIV - Commerzbank will not propose a dividend for 2019 to the Annual General Meeting and does not plan for a dividend for the current financial year before the uncertainties of COVID 19 have ended

Company: Commerzbank AG Date: 2020-03-30 Language: English Register to download

Loading document preview...

Document Preview Not Available

The file type (.html) cannot be displayed directly here.

Open Original File

Error loading document preview. Please try the 'Open Original File' link.

You're One Click Away From The Full Filing

Instantly access this document—and 2.8M more—for free. Select your preferred method:

Continue with Google Continue with Microsoft Continue with Facebook Continue with Amazon

 News Details

Ad-hoc | 30 March 2020 15:29

#   

Commerzbank will not propose a dividend for 2019 to the Annual General Meeting and does not plan for a dividend for the current financial year before the uncertainties of COVID 19 have ended

Commerzbank Aktiengesellschaft / Key word(s): Dividend  

Commerzbank will not propose a dividend for 2019 to the Annual General Meeting and does not plan for a dividend for the current financial year before the uncertainties of COVID 19 have ended  

  

30-March-2020 / 15:29 CET/CEST  

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.  

The issuer is solely responsible for the content of this announcement.  

  

- - -

In view of the European Central Bank’s recommendation to banks from 27 March 2020 not to pay a dividend for 2019 and 2020 until at least 1 October 2020, the Board of Managing Directors of Commerzbank will not propose a dividend for 2019 to the Annual General Meeting 2020. For the current fiscal year 2020, the Management Board will not plan for a dividend payment until the uncertainties of COVID 19 have ended. The Board will then decide on this again as appropriate. Therefore, any quarterly profits can be fully included in the regulatory capital ratios.

\*\*\*\*  

  

**Disclaimer and Forward-Looking Statement**  

This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts. In this release, these statements concern inter alia the expected future business of Commerzbank, efficiency gains and expected synergies, expected growth prospects and other opportunities for an increase in value of Commerzbank as well as expected future financial results, restructuring costs and other financial developments and information. These forward-looking statements are based on the management’s current plans, expectations, estimates and projections. They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from any future results and developments expressed or implied by such forward-looking statements. Such factors include the conditions in the financial markets in Germany, in Europe, in the USA and other regions from which Commerzbank derives a substantial portion of its revenues and in which Commerzbank holds a substantial portion of its assets, the development of asset prices and market volatility, especially due to the ongoing European debt crisis, potential defaults of borrowers or trading counterparties, the implementation of its strategic initiatives to improve its business model, the reliability of its risk management policies, procedures and methods, risks arising as a result of regulatory change and other risks. Forward-looking statements therefore speak only as of the date they are made. 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.

  

  

  

Contact:  

Christoph Wortig  

Head of Investor Relations  

Commerzbank AG  

Investor Relations  

Tel.: +49 69 136 – 21331  

e-mail:ir@commerzbank.com

- - -

30-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.dgap.de  

- - -

|     |     |
| --- | --- |
| Language: | English |
| Company: | Commerzbank Aktiengesellschaft |
|     | Kaiserstraße 16 |
|     | 60311 Frankfurt am Main |
|     | Germany |
| Phone: | +49 (069) 136 20 |
| Fax: | –   |
| E-mail: | pressestelle@commerzbank.com |
| Internet: | www.commerzbank.de |
| ISIN: | DE000CBK1001 |
| WKN: | CBK100 |
| Indices: | MDAX, CDAX, HDAX, PRIMEALL |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; London, SIX |
| EQS News ID: | 1010415 |

  

|     |     |
| --- | --- |
|     |     |
| End of Announcement | DGAP News Service |

![show this](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1010415&application_name=news&site_id=news_data)