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Commerzbank third quarter revenue

Commerzbank reported stable customer business and strong capital ratio in spite of COVID-19

7 mins read

The FINANCIAL — Commerzbank announced third quarter financial results: Underlying revenues in Q3 at €2.1bn (Q3 2019: €2.2bn) Operating expenses continued to fall to €1.52bn (Q3 2019: €1.56bn) despite IT investments Risk result at €-272m (Q3 2019: €-114m) includes impact of €181m from coronavirus effects – low NPE ratio of 0.9 % reflects ongoing good quality of loan book Operating profit at €168m (Q3 2019: €449m) due to risk result Net result at €-69m (Q3 2019: €297m) driven by booked restructuring charge of €201m following progress in transformation of the Bank Common Equity Tier 1 ratio slightly elevated to strong 13.5% –…

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Commerzbank reported stable customer business and strong capital ratio in spite of COVID-19

7 mins read

The FINANCIAL — Commerzbank announced third quarter financial results: Underlying revenues in Q3 at €2.1bn (Q3 2019: €2.2bn) Operating expenses continued to fall to €1.52bn (Q3 2019: €1.56bn) despite IT investments Risk result at €-272m (Q3 2019: €-114m) includes impact of €181m from coronavirus effects – low NPE ratio of 0.9 % reflects ongoing good quality of…