Published 5 months ago

Commerzbank posts biggest net profit in 15 years

Summary by Ground News

Commerzbank posts biggest profit in 15 years in 2023, a 55% increase from the previous year. The lender said it was aiming for another profit rise in 2024. But the bank warned that the sluggish economy "will remain a challenge" For the fourth quarter, net profit fell 16% but it was better than analysts had expected.

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CNBC

High interest rates help Germany's Commerzbank post best results in 15 years

Deutsche Bank analysts described the numbers as a "solid set of 4Q23 results" and reiterated their buy rating on the stock.

5 months ago·United States

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RTÉ

Commerzbank posts biggest net profit in 15 years

Germany's Commerzbank has today posted its biggest profit in 15 years in 2023, a 55% increase from the previous year, as it benefited from higher interest rates, and the lender said it was aiming for another profit rise in 2024.

5 months ago·Ireland

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Noticias ao Minuto

Commerzbank presents profit of 2.2 billion in 2023, the best in 15 years.

Strong customer activity and the evolution of interest rates allowed Commerzbank to achieve a 'robust' net interest margin, German bank said in a statement, noting that revenues grew to 10.5 billion euros in 2023, compared to 9.5 billion euros the previous year. Operating results increased by more than 60% in 2023, to 3.4 billion euros, according to the announcement. In addition, costs were reduced to 6.4 billion euros, down from 6.5 billion eur…

5 months ago·Portugal

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Jornal Expresso

Commerzbank profits €2200 million in 2023, the best result in 15 years

O lucro do Commerzbank registou um crescimento de 55% em 2023. A forte atividade dos clientes e a evolução das taxas de juro permitiram ao Commerzbank alcançar uma margem financeira "robusta"

5 months ago·Portugal

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rd.nl

Highest profit for Commerzbank in 15 years

Commerzbank, Germany's largest financial institution after Deutsche Bank, made its highest profit in fifteen years last year. The group says it has benefited from “strong customer activity and continued high interest rates”.

5 months ago

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Commerzbank posts biggest net profit in 15 years

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High interest rates help Germany's Commerzbank post best results in 15 years

High interest rates help Germany's Commerzbank post best results in 15 years

Commerzbank posts biggest net profit in 15 years

Commerzbank posts biggest net profit in 15 years

Commerzbank presents profit of 2.2 billion in 2023, the best in 15 years.

Commerzbank presents profit of 2.2 billion in 2023, the best in 15 years.

Commerzbank profits €2200 million in 2023, the best result in 15 years

Commerzbank profits €2200 million in 2023, the best result in 15 years

Highest profit for Commerzbank in 15 years

Highest profit for Commerzbank in 15 years

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