Commerzbank's new CEO vows to fight UniCredit takeover, saying tie-up would be 'extremely difficult'
Briefly

In her first media interview since taking up the post, Bettina Orlopp noted that after a previous merger in 2008, Commerzbank was occupied for several years to merge the lenders' systems. 'We cannot afford such a standstill in today's world, which is characterised by so many technological upheavals and very intense competition.' This highlights the urgent need for agility in the banking sector to adapt to rapid market changes.
Bettina Orlopp expressed concerns about the potential impact on Commerzbank's creditworthiness, stating, 'Our rating would deteriorate, probably significantly.' She elaborated that they would lose customers who have certain rating requirements and only do business with banks with very good credit ratings, emphasizing the importance of maintaining strong credit metrics in the industry.
Read at Fortune Europe
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