Commerzbank Prioritizes Standalone Strategy Execution, CEO States
FRANKFURT (Reuters) -Commerzbank's priority is the execution of its own strategy and that markets can see what the lender can achieve as a standalone company, CEO Bettina Orlopp plans to tell shareholders at an annual meeting this week.
The prepared remarks, published by Commerzbank on Tuesday for delivery on Thursday, come 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 despite strong headwinds for the German economy.
"The capital market now knows that we have a convincing plan to create value - and what we can achieve as an independent bank," Orlopp said.
She added that the bank is "always prepared to look at alternative options with an open mind" but that the priority was the swift implementation of its own strategy.
The stance is in line with her recent comments.
(Reporting by Tom Sims; editing by Matthias Williams)
