In addition,
Commerzbank raises its objectives after:
Keystone-SDA
Commerzbank. Nevertheless, under the threat of a redemption by Unicredit, noted its annual forecasts on Wednesday despite a net profit down 14% in the second quarter, to 462 million euros (barely less in francs), assigned by restructuring charges. In addition,
(Keystone-ATS) The bank with the yellow logo was pushed to raise its annual objectives after having posted a record operating profit on the entire first half, at 2.4 billion, up 23% over a year.
From April to June, commerzbank raises its objectives after this result reached 1.2 billion, up 34% and in accordance with the expectations of analysts surveyed by MostSet.
The second German bank increased between April to June in its voluntary departure plan announced at the start of the year. which must relate to 3,900 jobs, especially in Germany, resulting in a charge of 493 million euros in the second quarter.
The establishment wants to assert its independence in the face of its Italian Rivale Unicredit. now the first shareholder with around 20.2 %. ahead of the German State (12 %), with the possibility of climbing to almost 30 %of participation, a threshold which would force it to launch a buyout offer.
The products increased by 13% on the semester, to 6.1 billion. and at the same rate in the second quarter, to 3 billion, thanks to a strong increase in the net proceeds of commissions, while the net interest product has remained stable commerzbank raises its objectives after despite the drop in rates.
The bank has also improved its cost ratio reported to 56% products on the semester. below its annual objective of 57%, which was confirmed.
The risk provisions on their side have remained moderate, at 176 million euros in the second quarter.
Commerzbank now targets a net profit of 2.5 billion after restructuring expenses in 2025, against 2.4 billion previously, supported by a net interest expected at 8 billion, against 7.8 billion initially.
The bank also said on Wednesday that it had applied to regulators for a new share buy -back program that. can go up to 1 billion.
Commerzbank raises its objectives after
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