Commerzbank boards confirm strategy as UniCredit seeks possible tie-up By Reuters

FRANKFURT (Reuters) – Commerzbank (ETR:)’s supervisory and management boards have confirmed the bank’s current strategy, which is focused on independence, the lender said on Thursday, as Italy’s UniCredit presses for a possible tie-up.

“Commerzbank is continuously expanding its independent position as a strong pillar in the German banking market and a reliable partner to the domestic economy. As ’Bank for Germany’, we firmly believe that it has considerable growth and appreciation potential,” the bank said.