11/4/2021, 7:07 AM (Source: TeleTrader)
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Commerzbank: Revenues decline 1.3% to €2B in Q3

Commerzbank AG announced on Thursday that its revenues decreased 1.3% year on year to €2 billion in the third fiscal quarter of 2021.

Net interest income amounted to €1.12 billion, 8.5% down compared to the third trimester a year ago while operating profit jumped from €168 million to €472 million. Consolidated profit reached €403 million in the third three month period in 2021, after a €60 million consolidated loss documented 12 months ago.

"The outlook for the full year continued to improve in the third quarter. Revenues in the full year 2021 will exceed the previous year's... Overall, the Bank expects a positive operating result and a net profit for the full year," Commerzbank said in the press release.

Baha Breaking News (BBN) / MS