Business & Finance
Commerzbank CEO says aims to keep lender independent
- Knof, speaking after a deal was struck between management and employees over thousands of job reductions, said the bank has made a significant step in cutting costs.
- He said he hopes that future strategy plans focus more on customers.
FRANKFURT: Commerzbank's Chief Executive Manfred Knof wants to keep the German lender independent, he told Reuters on Friday.
Knof, speaking after a deal was struck between management and employees over thousands of job reductions, said the bank has made a significant step in cutting costs.
He said he hopes that future strategy plans focus more on customers.
"My goal is to ensure Commerzbank's independence as a profitable, high-performing bank," he said.
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