After the highest profit in more than ten years, Commerzbank wants to further increase earnings this year. “The bottom line is that the consolidated result should be significantly higher than that of 2022,” said the institute.
Last year, Commerzbank earned a good 1.4 billion euros, more than three times as much as a year earlier – and that despite charges of around one billion euros at the Polish subsidiary mBank. In 2021, Commerzbank was back in the black after a corporate restructuring and had earned 430 million euros on balance. The turnaround in interest rates in the euro area has helped in recent months. “Commerzbank is back,” said CEO Manfred Knof.
After two profitable years in a row, the institute is aiming to return to the Dax. In order to accelerate the return to the first German stock exchange league after four and a half years, Commerzbank had already published key data for the past year at the end of January. On Friday evening, Deutsche Börse announced who will move up to the group of 40 companies in the German share index for the gas manufacturer Linde on February 27.
Commerzbank lost its place in the Dax in autumn 2018 – to the payment service provider Wirecard, which collapsed not even two years later in the course of a balance sheet scandal.
