New Divisional Board Member in Corporate Clients segment: Sabrina Kensy is Head of Mittelstandsbank Central/East

• Internal successor of Michael Kotzbauer, who has been responsible for the corporate clients business at Commerzbank AG as member of the Board of Managing Directors since 1 January 2021
• Michael Kotzbauer: “Sabrina Kensy brings many years of sales experience in both the large corporates and traditional Mittelstand business to her new role”

On 1 January 2021, Sabrina Kensy (38) took on the role of Divisional Board Member leading Commerzbank’s corporate clients business in the Central/East market region. In this role, she is responsible for the division in the five eastern federal states and Berlin, as well as in Hesse, Rhineland-Palatinate and Saarland. She succeeds Michael Kotzbauer, who has taken over the position of Board Member for Corporate Clients.

In addition to many years of experience, Sabrina Kensy brings along her excellent expertise in all aspects of the corporate clients business. She started her professional career at Commerzbank in 2001, working initially in risk management and in various sales functions. She has led the Divisional Board office of Mittelstandsbank Central/East since 2015. In this function, she had already assumed responsibility for the strategic management of the regional business, which she will continue to manage from Berlin.

“I am personally delighted that, with Sabrina Kensy, we have succeeded in filling this important position in corporate clients sales with an internal solution,” said Michael Kotzbauer, Board Member for Corporate Clients. “She is extremely well connected in the region and has many years of sales experience in the large corporates and Mittelstand business. She has been valued by our customers for many years. I am convinced that with Sabrina Kensy at the helm of Mittelstandsbank Central/East, we will succeed in further strengthening our leading market position in the region.”

Disclaimer

This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts. In this release, these statements concern inter alia the expected future business of Commerzbank, efficiency gains and expected synergies, expected growth prospects and other opportunities for an increase in value of Commerzbank as well as expected future financial results, restructuring costs and other financial developments and information. These forward-looking statements are based on the management’s current plans, expectations, estimates and projections. They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from any future results and developments expressed or implied by such forward-looking statements. Such factors include the conditions in the financial markets in Germany, in Europe, in the USA and other regions from which Commerzbank derives a substantial portion of its revenues and in which Commerzbank holds a substantial portion of its assets, the development of asset prices and market volatility, especially due to the ongoing European debt crisis, potential defaults of borrowers or trading counterparties, the implementation of its strategic initiatives to improve its business model, the reliability of its risk management policies, procedures and methods, risks arising as a result of regulatory change and other risks. Forward-looking statements therefore speak only as of the date they are made. Commerzbank has no obligation to update or release any revisions to the forward-looking statements contained in this release to reflect events or circumstances after the date of this release.