Commerzbank: launches share buyback program
(CercleFinance.com) - Having received the necessary approvals from the German Finance Agency and the ECB, Commerzbank announces that it has decided to launch the first tranche of its share buyback program, for up to E600m.
The German bank specifies that these share buybacks will begin at the earliest after the publication of its results for Q3 2024, and should be completed by mid-February 2025.
The operation is part of the 2024 capital remuneration, which will consist of a dividend payment and share buybacks in two tranches, with Commerzbank planning to return at least 70% of its net income for that year.
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The German bank specifies that these share buybacks will begin at the earliest after the publication of its results for Q3 2024, and should be completed by mid-February 2025.
The operation is part of the 2024 capital remuneration, which will consist of a dividend payment and share buybacks in two tranches, with Commerzbank planning to return at least 70% of its net income for that year.
Copyright (c) 2024 CercleFinance.com. All rights reserved.