Commerzbank: update on distribution policy
(CercleFinance.com) - Expecting further profitability in its businesses, and with a CET1 ratio of 13.
5% and a net RoTE of over 11% by 2027e, on Thursday evening Commerzbank announced updated the market regarding its return on capital policy.
From 2022 to 2024, the German bank intends to return E3bn to its shareholders in dividends and share buybacks. To achieve this, the payout ratio will be at least 70% by 2024.
Beyond this, from 2025 to 2027, Commerzbank is aiming for a payout ratio that is well above 50%, although no higher than net income after payment of the AT1 coupon and minority interests, subject to certain conditions regarding its CET1 ratio.
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