In spite of Commerzbank Chief Executive Stephan Engels's promise last August to resume dividend payments in 2013, Germany's second largest bank may end up skipping the payout, according to media reports.
German paper WirstschaftsWoche cited sources in top management who explained that the institution will have to break its promise due to the weak business outlook.
The bank is having a rough time making profits from customer deposits due to the low interest rates, these sources told the paper.
Nevertheless, Commerzbank was trading up 1.44% at €1.409 on Monday morning.
Hi there - I own some commerzbank shares. When Cobk raised new capital at a deep discount early this month I was expecting to get some rights. However, I have learnt later that retail investors in the UK don't get any. So the share price traded ex rights and I lost out. I contacted both my UK bank and Cobk but both can't/won't help. Anybody out there who had the same issue? US ADR's got some cash dividend as compensation....
Why such a board, and there is no share price or trading. Or is the trading is planning to start in the near future? Cheers, please answer me as I have some shares in this bank, I bought from the german stock market and would be nice to chat to get more news.