Representatives from the National Bank of Tajikistan and Commerzbank AG of Germany held a meeting on Nov. 4 to discuss the development of bilateral and mutually beneficial cooperation.

During the meeting, the two sides expressed satisfaction with cooperation to date and expressed their desire to further strengthen and expand bilateral ties.

Commerzbank AG, founded in 1870, is a global banking and financial services company with its headquarters in Frankfurt, Germany. It is the second largest German bank after Deutsche Bank.

Commerzbank is mainly active in commercial banking, retail banking and mortgaging. It suffered setbacks after a problematic foray into investment banking in the early 2000s and eventually closed down its Commerzbank Securities investment banking unit.

The remaining investment banking activities are in fixed income, commodities, FX and Funds of Hedge Funds. Investment banking, capital market, equities and corporate banking operations are now integrated as a division of the Commerzbank group.