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5/12, 7:17 AM (Source: TeleTrader)
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Commerzbank revenue up 12% to €2.8B in Q1

Commerzbank revealed its earnings report for the first quarter of 2022 on Thursday, recording an increase of 12% in revenue, amounting to €2.8 billion when compared to the same period last year.

Meanwhile, its operating result increased to €544 million when compares to the earnings of €538 million year on year. Commerzbank added its capital ratio remained at 13.5% and liquidity was high despite the ongoing Ukraine crisis.

"Thanks to very strong business in all customer segments, we have generated double-digit growth in our revenues in the first quarter and lowered the costs as planned," said Commerzbank Chief Financial Officer Bettina Orlopp. "We have been able to more than compensate for the currently identifiable effects resulting from the Russia-Ukraine war," she added.

Baha Breaking News (BBN) / AB