• Polish mBank will remain part of the Commerzbank Group • A transaction doesn’t seem feasible at reasonable terms under the current market conditions which are dominated by the Coronavirus crisis • We have to adjust our forecasts from 2020 onwards with a higher loss as the costs for the restructuring programme Commerzbank 5.0 are no longer partly offset by the disposal gain
11 May 2020
Commerzbank retains mBank – sales process terminated
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Commerzbank retains mBank – sales process terminated
• Polish mBank will remain part of the Commerzbank Group • A transaction doesn’t seem feasible at reasonable terms under the current market conditions which are dominated by the Coronavirus crisis • We have to adjust our forecasts from 2020 onwards with a higher loss as the costs for the restructuring programme Commerzbank 5.0 are no longer partly offset by the disposal gain