Commerzbank CFO Discusses Cost Cuts, Adding Clients, Consolidation

The transcript discusses Commerzbank's financial strategies amidst challenging market conditions. It covers revenue alignment, cost-cutting measures, and employee reduction plans. The impact of negative interest rates on the business model is examined, along with strategies for market share growth and customer acquisition. The discussion also touches on infrastructure efficiency, particularly the role of Comdirect and Compass 2.0. Finally, the transcript explores the potential for mergers and market consolidation, emphasizing the challenges of cross-border mergers in Europe.

What was a key factor in Commerzbank's strategy to address declining top line numbers?

• Increasing loan interest rates

• Strong customer and asset growth

• Reducing marketing expenses

• Expanding international operations

What is Commerzbank's target cost reduction for 2020?

• 7 billion

• 5 billion

• 6.5 billion

• 8 billion

How does Commerzbank plan to deal with negative interest rates?

• By acquiring more customers and cutting costs

• By investing in new technologies

• By increasing loan interest rates

• By closing branches

What is the main challenge of cross-border mergers in Europe according to the transcript?

• High costs

• Lack of interest from banks

• Regulatory complexities

• Cultural differences

What is a significant concern for investors regarding Commerzbank's infrastructure?

• Lack of digital presence

• Expensive and massive back office

• Insufficient branch network

• Outdated technology

What is the general belief about in-market mergers in Europe?

• They are not favored by investors

• They are more challenging than cross-border mergers

• They are less profitable

• They are easier due to fewer regulatory hurdles

What is Commerzbank's stance on the standalone strategy after failed merger talks?

• They are seeking new merger opportunities

• They are committed to it

• They are questioning its viability

• They are abandoning it