Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Xetra  >  Commerzbank    CBK   DE000CBK1001

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

Commerzbank : undertakes first live BPO transaction in Austria

share with twitter share with LinkedIn share with facebook
share via e-mail
08/05/2017 | 10:45am CEST

Commerzbank has processed the first BPO transactions in Austria, covering the import of bus components from Germany and Italy. The buyer, a customer of Commerzbank AG Austria, is TAM-Europe d.o.o., located in Maribor, Slovenia, one of Europes largest bus and commercial vehicle manufacturers. The suppliers are MAN Truck & Bus AG, a leading commercial vehicle manufacturer headquartered in Munich, and ISAF Bus Components srl, an Italy-based supplier and customer of UniCredit.

The BPO is an irrevocable undertaking of the buyer`s bank (the Obligor Bank) to the seller`s bank (the Recipient Bank) to execute payment on maturity. This undertaking is based on the successful matching of agreed electronic trade data on SWIFTs Trade Services Utility (TSU) platform. Companies are increasingly recognising the benefits of the BPO, which include more efficient, flexible and faster communication and handling of transactions. With successful matching of purchase order and shipment data, the BPO can also serve as an enabling framework for supply chain finance - optimising liquidity and working capital, and minimising payment risk.

Enno-Burghard Weitzel, Head of Product Management Trade Services at Commerzbank, says: We are very pleased that we can continue to expand our digital service offering to our clients, who along with the industry continue to demand more advanced services. With the first-ever BPO transaction in Austria, were front-running the digitisation of the trade finance business. These client-centred digital services are the basis of our enhanced modernisation efforts. By focusing on new digital trade finance services - like distributed ledger technology/blockchain-enabled offerings - we are paving the way for the supply chain of the future.

Bryan Zhao, CEO of TAM-Europe, comments: As an innovative company, TAM-Europe is very interested in adopting new technological solutions for optimising processes. With the BPO, we are following the digitalisation trend; we see it as a new payment instrument that can be a successful supplement to open account transactions and letters of credit. Gradually, we aim to handle all our trade transactions with the BPO.

Elke Endres, Treasury / Export Finance & Insurance, MAN Truck & Bus AG explains: We appreciate the fast and cost-saving BPO processing which supports us in our ambition to simplify our trade finance transactions.

Commerzbank first went live with the BPO in October 2014. The bank has since increased its BPO business, settling transactions with partner banks for multinational companies, large corporates and SMEs, both within Europe and overseas. In 2016 the bank facilitated the first BPOs in the UK and also processed the first live BPO transaction between Germany and China.

(c) 2017 Ethiopian News Agency. ALL RIGHTS RESERVED. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on COMMERZBANK
09/22 COMMERZBANK : 20.48% to Target, H.C. Wainwright Reconfirms Buy Rating for Americ..
09/21 UniCredit proposes to remove 5 percent cap on voting rights
09/21 Banks boost European shares after Fed signals December hike
09/21 COMMERZBANK : #17-897 Listing of Turbo warrants issued by Commerzbank AG
09/21 COMMERZBANK : #17-896 Listing of Knock out warrant issued by Commerzbank AG
09/20 M&A, Spain turmoil liven up Europe stocks
09/20 COMMERZBANK : #17- 890 Delisting of instrument issued by Commerzbank AG
09/19 COMMERZBANK : #17-885 Listing of Knock out warrant issued by Commerzbank AG
09/19 COMMERZBANK : #17-448 Listing of Knock out warrants issued by Commerzbank AG
09/19 COMMERZBANK : #17-447 Listing of instrument issued by Commerzbank AG
More news
News from SeekingAlpha
08/06 Commerzbank (CRZBF) Q2 2017 Results - Earnings Call Transcript
08/02 Commerzbank AG reports Q2 results
07/12 DEUTSCHE BANK VS. COMMERZBANK : Cerberus Capital Got It Right
07/05 Bank Of America's Biggest Bull Case Since The Election
06/08 Commerzbank AG (CRZBF) Presents At Goldman Sachs Twenty-First Annual European..
Financials (€)
Sales 2017 8 853 M
EBIT 2017 1 568 M
Net income 2017 193 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 61,30
P/E ratio 2018 16,37
Capi. / Sales 2017 1,59x
Capi. / Sales 2018 1,56x
Capitalization 14 064 M
Duration : Period :
Commerzbank Technical Analysis Chart | CBK | DE000CBK1001 | 4-Traders
Technical analysis trends COMMERZBANK
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 21
Average target price 9,72 €
Spread / Average Target -13%
EPS Revisions
Martin Zielke Chief Executive Officer
Klaus-Peter Müller Chairman-Supervisory Board
Frank Annuscheit Chief Operating Officer
Stephan Engels Chief Financial Officer
Uwe Tschäge Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
COMMERZBANK54.98%16 808
WELLS FARGO-1.91%269 294
BANK OF AMERICA13.85%263 976