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Frankfurt / Main (dpa) - After losing billions in 2020, Commerzbank is already aiming for significantly better business in the current year.
The board of directors plans with a positive operating result for 2021, in 2024 the bank wants to earn 2.7 billion euros in day-to-day business.
The Frankfurt-based MDax Group announced on Thursday.
For the 2023 financial year, shareholders should receive a dividend again after several zero rounds.
Last year, the bottom line was around 2.9 billion euros, as the institute announced last week.
This is the highest loss for Commerzbank since the government bailed out the 2009 financial crisis.
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The CEO Manfred Knof, who has been in office since January, is now pursuing a tough austerity course to make Commerzbank more profitable.
"We want to become sustainably profitable and shape our future as an independent force in the German banking market", Knof affirmed on Thursday.
By 2024, 10,000 full-time positions are to be cut worldwide.
At the same time, the bank plans to build around 2,500 full-time positions elsewhere in order, among other things, to reduce costs for external service providers.
The bottom line is that 7,500 jobs will be cut.
More than 80 percent of the job cuts should be implemented by the end of 2023.
The board of directors is also pushing the pace with the downsizing of branches: 190 of the last 790 branches are to be closed in the current year, and ultimately the network is to include 450 locations.
© dpa-infocom, dpa: 210211-99-392628 / 2
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Commerzbank on the 2020 balance sheet
Communication from Commerzbank 8.1.2021