Bettina Orlopp, Commerzbank’s CEO, plans to tell shareholders at this week’s annual meeting that the bank prioritizes executing its own strategy. She wants markets to see what the lender can achieve as a standalone company.
Commerzbank published these prepared remarks on Tuesday for Orlopp to deliver on Thursday as the German bank fends off a possible takeover by Italy’s UniCredit.
Last week, Commerzbank beat expectations with its earnings report for the first quarter. Strong headwinds affected the German economy.
Orlopp said, “The capital market now knows that we have a convincing plan to create value – and what we can achieve as an independent bank.” She added that the bank is “always prepared to look at alternative options with an open mind.” However, the swift implementation of its own strategy remains the priority. The stance aligns with her recent comments.
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