Western Europe's best bank for SMEs 2017: Commerzbank
Euromoney Limited, Registered in England & Wales, Company number 15236090
4 Bouverie Street, London, EC4Y 8AX
Copyright © Euromoney Limited 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Western Europe's best bank for SMEs 2017: Commerzbank

Awards for Excellence 2017

With all the factors that can affect the success and failure of an enterprise, financing SME clients can be a risky business – and one that many banks do not feel is worth the effort for the relatively small volumes of financing activity involved.

But a new strategy announced by Commerzbank late last year focuses the bank even further on serving mainstream German corporate clients, as well as developing the smaller end of the commercial sector – firms which fit into the EU’s definition of an SME (annual turnover under €50 million).

While the strategy saw its Mittelstands bank merge with its corporate and markets business, it also sees the retail unit take on businesses with a turnover of up to €15 million from €2.5 million previously. Partly as a result, it is reallocating capital to the retail division and aiming to double the number of new customers, after gaining one million in the last four years. It has also created a new division specifically for small businesses.


Commerzbank’s network covering business clients is unparalleled in the continent’s biggest SME market for its geographic spread and its expertise, such as credit specialists for German bicycle shops and foundries.

Gift this article