Commerzbank AG (German pronunciation: [kɔˈmɛʁt͡sbaŋk aːˌɡeː]) is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet. Founded in 1870 in Hamburg, the bank is today present in more than 50 countries around the world and provides almost a third of Germany's trade finance. In 2017, it handled 13 million customers in Germany and 5 million customers in Central and Eastern Europe. Commerzbank is a member of the Cash Group.15% of the shares are owned by the Federal Republic of Germany and 85% are in free float.