• Commerzbank plans to cut an additional 3,000 jobs out of 38,000 in an attempt to fend off a takeover by Italian bank UniCredit.
  • The bank aims to increase revenue to €16.8 billion and net profit to €5.9 billion by 2030.
  • UniCredit submitted a formal takeover offer on Tuesday, projecting around 7,000 job cuts and net profit of €5.1 billion by 2028.
  • Commerzbank considers UniCredit’s plan vague and risky but remains open to negotiations with an appropriate share price premium.
  • In Q1 2026, Commerzbank posted a net profit of €913 million, beating analyst expectations.

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