Commerzbank Has Practically No Private Credit Exposure, CEO Says

Commerzbank AG has virtually no exposure to private credit, Chief Executive Officer Bettina Orlopp said, as Germany’s second-largest listed lender steers clear of a market whose proliferation in recent years has raised concerns about hidden risks.

“Luckily, our exposure is next to non-existent,” Orlopp said in an interview on Bloomberg Television Thursday. “Clearly we follow on the developments, and it just shows how important resilience is, how diligent you need to do your homework, and that you need to have a very good risk management in place.”

Banks across the globe have been trying to profit from the rapid growth ...