With the economic completion of the sale of its equity markets & commodities division to Société Générale, the German bank has ‘reduced its complexity’ and ‘freed up capital’ for its core business areas.

Commerzbank reported an operating result of -€277m in the first quarter of 2020, owing to the coronavirus crisis. The group posted revenues of €1.85 billion in the first quarter of 2020 (Q1 2019: €2.16 billion); net interest and commission income increased by 10% compared with the same quarter of the previous year. Discontinued operations posted a profit after tax of €44m. This includes the income and expenses of the equity markets & commodities (EMC) division sold to S

Continue reading with a subscription to the SRP market intelligence platform.

Request Demo

Already a subscriber? Login