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2/17, 7:14 AM (Source: TeleTrader)
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Commerzbank posts revenues of €2.1B in Q4

Commerzbank said on Thursday its total revenues in the fourth quarter of 2021 rose 3.5% year on year to reach €2.1 billion.

Operating profit for the trimester stood at €141 million, improving from an operating loss of €328 million reported in the same period in 2020 and topping estimates. Net interest income jumped 13% to €1.3 billion. For the full year 2021, the lender reported revenues of €8.5 billion. Operating profit in the twelve month period was €1.2 billion.

"In the first year of the transformation, we have delivered on our promises. This increases our confidence that we will achieve our ambitious goals for 2024. We aim to pay a dividend for 2022," CEO Manfred Knof stated.

Baha Breaking News (BBN) / NP