> ## Content Index
> Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Commerzbank Reports FY2024 Net Profit of €2.68 Billion Amid UniCredit Takeover Uncertainty
- URL: https://www.theglobalbanker.com/commerzbank-fy2024-net-profit-2-68-billion-unicredit-takeover-uncertainty/
- Published: 2025-02-13T18:58:00.000Z
- Updated: 2026-10-02T13:47:20.000Z
- Description: Commerzbank posted a 20% rise in FY2024 net profit to €2.68 billion and proposed a €0.65 dividend plus €400 million buyback, as UniCredit's stake approached 28%.
- Author: TGB Editorial Team
- Tags: Banking News, Europe, #archive

Commerzbank reported a full-year 2024 net result of €2.68 billion on Thursday, up 20% year-on-year, as the Frankfurt-based lender faced uncertainty over UniCredit's interest in a potential acquisition. 

The operating result for the year reached €3.84 billion, underpinned by net interest income of €8.33 billion. The CET1 capital ratio stood at 15.1% at year-end, according to a press release published on the bank's website on Thursday. 

#### SHAREHOLDER RETURNS

Management proposed a dividend of €0.65 per share for the 2024 financial year alongside an additional €400 million share buyback programme. 

#### UNICREDIT STAKE

UniCredit had built a stake of approximately 28% in Commerzbank. The Italian bank, led by Chief Executive Andrea Orcel, had publicly indicated its interest in exploring a combination with Commerzbank but had not at the time of this announcement made a formal takeover offer. The German government, which still held a stake of about 12% dating back to the 2008 financial crisis, has expressed reservations about a foreign takeover of one of Germany's systemically important lenders.

Commerzbank's management set out a standalone strategy alongside the results, including about 3,900 job cuts, aimed at raising returns and heading off UniCredit's approach.