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Commerzbank posts flat net profit in second-quarter, helped by low taxes

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Commerzbank posts flat net profit in second-quarter, helped by low taxes
FILE PHOTO: A Commerzbank logo is pictured before the bank's annual news conference in Frankfurt, Germany, February 9, 2017. REUTERS/Ralph Orlowski   -   Copyright  Ralph Orlowski(Reuters)
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FRANKFURT (Reuters) – Germany’s Commerzbank <CBKG.DE> on Wednesday posted net profit in the second quarter that was little changed from a year ago, helped by low taxes, but said its target for a slight increase in full-year net profit had become “significantly more ambitious”.

Net profit of 271 million euros (£249 million) in the quarter was better than the 217 million euros expected by analysts and compares with 272 million euros a year earlier.

(Reporting by Tom Sims, editing by Riham Alkousaa)

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