commerzbank
German banking giant Commerzbank saw its best net result in more than 10 years, as its customer business continued to see robust performance. The current high interest rate environment also contributed significantly to these figures. Operating profit for the first quarter of the year surged to €1.08 billion, up from €875 million for the same period last year, while net profit reached €747 million, up from €580 million. Total revenue came in at €2.7 billion up from €2.6 billion on last year. Net interest income rose to €2.1 billion from €1.9 billion on Q1 of last year. Net commission income was...
Euronews (English)
Germany's Commerzbank is on track to achieve the record profits it is aiming for this year after seeing its best quarterly results since the start of 2011. "We have started the new year with a lot of momentum. The strong customer business and the very good result in the first quarter confirm our goal of increasing profits in 2024," said chief executive Manfred Knof on Wednesday. The fact that interest rates are not falling as quickly as expected a few months ago plays into the hands of Commerzbank with its focus on small- and medium-sized entreprises (SMEs) and private customers. However, the ...
DPA International
Germany's Commerzbank is on track to achieve the record profits it is aiming for this year after seeing its best quarterly results since the start of 2011. "We have started the new year with a lot of momentum. The strong customer business and the very good result in the first quarter confirm our goal of increasing profits in 2024," said chief executive Manfred Knof on Wednesday. The fact that interest rates are not falling as quickly as expected a few months ago plays into the hands of Commerzbank with its focus on small- and medium-sized entreprises (SMEs) and private customers. However, the ...
DPA International
Germany's Commerzbank is on track to achieve the record profits it is aiming for this year after seeing its best quarterly results since the start of 2011. "We have started the new year with a lot of momentum. The strong customer business and the very good result in the first quarter confirm our goal of increasing profits in 2024," said chief executive Manfred Knof on Wednesday. The fact that interest rates are not falling as quickly as expected a few months ago plays into the hands of Commerzbank with its focus on small- and medium-sized entreprises (SMEs) and private customers. However, the ...
DPA
Germany's Commerzbank is on track to achieve the record profits it is aiming for this year after seeing its best quarterly results since the start of 2011. "We have started the new year with a lot of momentum. The strong customer business and the very good result in the first quarter confirm our goal of increasing profits in 2024," said chief executive Manfred Knof on Wednesday. The fact that interest rates are not falling as quickly as expected a few months ago plays into the hands of Commerzbank with its focus on small- and medium-sized entreprises (SMEs) and private customers. However, the ...
DPA
Germany's Commerzbank is on track to achieve the record profits it is aiming for this year after seeing its best quarterly results since the start of 2011. "We have started the new year with a lot of momentum. The strong customer business and the very good result in the first quarter confirm our goal of increasing profits in 2024," said chief executive Manfred Knof on Wednesday. The fact that interest rates are not falling as quickly as expected a few months ago plays into the hands of Commerzbank with its focus on small- and medium-sized entreprises (SMEs) and private customers. However, the ...
DPA Breaking News
Germany's Commerzbank is on track to achieve the record profits it is aiming for this year after seeing its best quarterly results since the start of 2011. "We have started the new year with a lot of momentum. The strong customer business and the very good result in the first quarter confirm our goal of increasing profits in 2024," said chief executive Manfred Knof on Wednesday. The fact that interest rates are not falling as quickly as expected a few months ago plays into the hands of Commerzbank with its focus on small- and medium-sized entreprises (SMEs) and private customers. However, the ...
DPA Breaking News
Germany's financial authority has imposed a €1.45 million ($1.54 million) fine on Commerzbank due to the bank's inadequate efforts to prevent money laundering. Commerzbank and its online subsidiary Comdirect Bank, which the bank fully acquired in 2020, had violated their supervisory duties, the Federal Financial Supervisory Authority (Bafin) announced on Monday. "As a result of insufficient supervision, employees violated money laundering obligations by not updating customer data in a timely manner or sufficiently and by taking insufficient internal security measures," the authority wrote. In ...
DPA International
Germany's financial authority has imposed a €1.45 million ($1.54 million) fine on Commerzbank due to the bank's inadequate efforts to prevent money laundering. Commerzbank and its online subsidiary Comdirect Bank, which the bank fully acquired in 2020, had violated their supervisory duties, the Federal Financial Supervisory Authority (Bafin) announced on Monday. "As a result of insufficient supervision, employees violated money laundering obligations by not updating customer data in a timely manner or sufficiently and by taking insufficient internal security measures," the authority wrote. In ...
DPA
Germany's financial authority has imposed a €1.45 million ($1.54 million) fine on Commerzbank due to the bank's inadequate efforts to prevent money laundering. Commerzbank and its online subsidiary Comdirect Bank, which the bank fully acquired in 2020, had violated their supervisory duties, the Federal Financial Supervisory Authority (Bafin) announced on Monday. "As a result of insufficient supervision, employees violated money laundering obligations by not updating customer data in a timely manner or sufficiently and by taking insufficient internal security measures," the authority wrote. In ...
DPA Breaking News
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