BREAKING NEWS

BREAKING NEWS

Commerzbank misses Q3 targets

Now Reading:

Commerzbank misses Q3 targets

Text size Aa Aa

Germany’s second-biggest lender Commerzbank has missed forecasts with its third quarter figures. Profits are 50 million euros off-target, and like many other banks around the world is finding out that Q3 was tough time to make money. Eastern European operations fell into the red, and despite strong corporate lending the bank took hits on commercial mortgages and the costs of integrating Dresdner Bank.