Commerzbank said it has received approval from the European Central Bank to buy back up to €600m in shares.
The German lender, in a statement last night, said the management board would likely finalise the measure in early January.
"All prerequisites for a share buyback are now met," the bank said.
The bank had already flagged bigger capital returns. It said in September that it was revamping its payout policy for investors, aiming for a return of least 70% of profit for 2024.
The bank also expects a payout ratio in dividends and share buybacks of "well above 50%" for 2025 up to 2027.
A buyback programme in 2023 resulted in the purchase of €122m in shares.
