BREAKING NEWS

BREAKING NEWS

Commerzbank results better than predicted

Now Reading:

Commerzbank results better than predicted

Text size Aa Aa

Commerzbank posted better than expected first-quarter results on Thursday thanks to strong trading and lower risk provisions.

Net profit was 708 million euros, up from a loss of 864 million a year before.

However, the earnings at Germany’s second-biggest lender did not match that of its rivals as it has only a small-scale investment banking business.