The second largest German bank, Commerzbank, in the first quarter of this year, generated 834 million euros in net profit, which is 12 percent more than in the same period last year.
This is the largest quarterly profit since 2011. years. Quarterly revenues reached 3.1 billion euros, which is 12 percent growth compared to the previous year.
According to foreign news agencies, it is mainly the result of larger than the planned interest income and commissions, banker me.
“We have achieved the largest quarterly profit since 2011, which proves that we can grow even in economically challenging times,” said the Bettin Orlopp’s executive director after publication of the data.
Operating profit increased by 13 percent and amounted to 1.2 billion euros in the quarter. Net revision of commission increased by 6.4 percent to 1.01 billion euros, while net interest income has been reduced by 2.6 percent to 2.07 billion euros.
