Commerzbank chief defends himself against speculation about sale of company

Commerzbank chief defends himself against speculation about sale of company

According to media reports, both italy’s unicredit and the netherlands’ ING have shown interest in commerzbank. Both institutes are active with their own units in the retail banking business in germany and were able to renew them. "I understand that you are interested. But I won’t comment on rumors," zielke told the newspaper.

Insiders doubt that such scenarios would make sense at the moment – at least neither option had the weight of the german solution, which was declared a failure on thursday – a merger of deutsche bank with commerzbank.

"We have a clear strategy, but even that strategy has to be reviewed again and again," said zielke. This does not mean, however, that they cannot make it on their own. The bank still has "a lot of potential" with its customers. "Private customer business has continued its very positive development and we are also seeing progress in corporate customer business."

Zielke also rejected the claim that the broken merger talks had damaged him. "Why then? I wanted clarification on whether a merger would work or not," said the head of commerzbank. This he would do again at any time. The decision against a merger was made in agreement with the german bank. "We said together on thursday: there will be nothing. We were in agreement."

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