丽萨·阿布拉莫维茨和阿诺·舒策 报道：德国商业银行首席执行官贝蒂娜·奥尔洛普表示，意大利银行联合信贷银行将在不久的将来获得欧洲央行的关键批准，为意大利贷款机构接管其德国竞争对手铺平道路。
By Lisa Abramowicz and Arno Schütze Commerzbank AG Chief Executive Officer Bettina Orlopp said UniCredit SpA is set to get a crucial nod from the European Central Bank very soon, paving the way for the Italian lender to take control of its German rival.
“我们目前所有人都在等待的，是各监管机构的批准，”奥尔洛普在曼谷国际货币基金组织和世界银行年会期间接受彭博电视台采访时表示，她正在回答关于收购进程下一步的问题。“我们预计这将在今年或明年初最晚发生。”
“What we’re currently all waiting for are the approvals by the different regulatory authorities,” Orlopp said in an interview with Bloomberg TV at the annual meetings of the International Monetary Fund and World Bank in Bangkok, answering a question about the next steps in the takeover sage. “That is something we expect either this year or beginning of next year latest.”
被问及欧洲央行的批准时，奥尔洛普表示这应将“在未来几天或几周内”发生。联合信贷银行将在获得略低于50%的股份后，在未来几个月内接管商业银行。在奥尔洛普任期内，商业银行股价已翻倍以上，因她提升了盈利能力和股东回报。
Asked about the nod from the European Central Bank, Orlopp said that should happen “in the next days or weeks.”UniCredit is set to take control of Commerzbank in the coming months after securing a stake of just under 50%. Shares of Commerzbank have more than doubled in value during her tenure, as Orlopp boosted profitability and shareholder payouts.
商业银行目前正在为其财务数据与联合信贷银行的数据进行合并做准备，无论是针对2026年全年，还是2027年第一季度。“这基本上正在大量占用我们的首席财务官和首席风险官部门，”奥尔洛普说。
Commerzbank is currently preparing for the consolidation of its figures with those of UniCredit either for the full year 2026 or for the first quarter of 2027. “It’s basically occupying our CFO and CRO departments quite heavily,” Orlopp said.
另外，该贷款机构一直在思考如何在合并第一阶段创造价值，届时商业银行将事实上受到联合信贷银行的控制，但仍将与其竞争。
Separately, the lender has been thinking about how to create value in the first phase of the merger, where Commerzbank would be de facto controlled by UniCredit while still competing with it.
“在采购方面，在大型项目、IT项目方面，我们可以从更大的团队中受益，”奥尔洛普说，并补充说，在这些议题上合作没有害处，因为这些情况不涉及竞争。“数字资产也是如此。有太多需要探索的东西，有太多需要下的赌注。因此，你们也可以互相借力。”
“We can benefit from the larger group when it comes to procurement, when it comes to larger projects, IT projects,” Orlopp said, adding that there would be no harm in joining forces on such topics because those are not competitive situations. “Same holds true with digital assets. There’s so much exploring, so many so many bets to make. So you can also leverage each other.”
德意志商业银行和意联银行也可以从彼此不同的地理布局中受益。“我们显然在一些地区没有业务，比如东欧，而我们依赖合作伙伴。那么为什么不改用意联银行而不是我们今天的合作伙伴呢？”她补充道。反过来，意联银行也可以开始使用德意志商业银行的一些产品平台。
Commerzbank and UniCredit could also benefit from each others’ different geographic footprint. “We clearly have some geographies where we are not active ourselves, take Eastern Europe and where we use partners. So why not use UniCredit instead of our partners today.”The other way around, UniCredit could start using some of Commerzbank’s product platforms, she added.
意联银行首席执行官安德烈亚·奥塞尔曾提出用他来取代奥尔洛普的想法，奥尔洛普在过去两年里一直领导着对意大利求婚者的防御。
UniCredit CEO Andrea Orcel has floated the idea of replacing Orlopp, who has led the defense against the Italian suitor over the past two years.
虽然两位高管就如何管理预期的控制权变更进行了讨论，但他们对贷款机构的愿景在一些关键方面存在分歧。意联银行计划削减德意志商业银行的国际业务，而奥尔洛普则表示该业务对于支持客户是必要的。
While the two executives have held talks over how to manage the expected change of control, their visions for the lender differ in some key respects. UniCredit plans to cut back Commerzbank’s international operations, while Orlopp has said the business is necessary to support clients.
奥塞尔此前曾表示，他可能在掌控德意志商业银行后取代奥尔洛普。被问及她在德国银行的未来时，奥尔洛普说她不知道自己未来的角色会是什么，但她的合同将持续到2029年。
Orcel has previously said he may replace Orlopp once he controls Commerzbank. Asked about her future at the German bank, Orlopp said that she didn’t know what her role would be, but her contract runs until 2029.
“我也在过去几周里非常明确地表示，我需要获得监事会的支持和信任，并且我们需要在德意志商业银行的战略上保持一致，”她补充道。“只要具备这一点，我就会留在这里。”
“I also said very clearly in the past weeks that I need to have the support and the trust of the supervisory board, and we need to align on our strategy of Commerzbank,” she added. “As long as we have that, I’m here.”