Commerzbank AG engages in the provision of commercial banking services. Its operates through the following business segments: Private Customers, Mittelstandsbank, Central and Eastern Europe, Corporates and Markets, Non-Core Assets, and Others and Consolidation. The Private Customers segment comprises of Private Customers, Direct Banking, and Commerz Real divisions. The Mittelstandsbank segment is divided into group divisions consisting of Mittelstand Germany, Corporate Banking and International, and Financial Institutions. The Central and Eastern Europe segment contains universal banking and direct banking activities in Central and Eastern Europe. The Corporates and Markets segment involves sale of capital market products, advisory services, and the preparation of market analyses for customers requiring capital market products. The Non-Core Assets segment groups together the Commercial Real Estate portfolio, the Public Finance portfolio, and the entire ship financing portfolio. The Others and Consolidation segment consists of income and expenses which are not attributable to the business segments. The company was founded on February 26, 1870 and is headquartered in Frankfurt, Germany.