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Commerzbank Q4 Earnings to Drag on $504mn Provision Increase

by Amruth Sundarkumar | Jan 24, 2022 | Banks

German lender Commerzbank announced on Friday that its Q4 earnings, expected on February 17, will include provisions of ~$504mn from its Polish subsidiary mBank. The provisions are related to foreign currency indexed loan agreements from over a decade ago when...

Commerzbank Reports Net Losses on Onetime Write-off and Restructuring Costs

by Amruth Sundarkumar | Aug 5, 2021 | Banks

Commerzbank reported net losses of €527mn ($624mn) in Q2 vs. net profits of €183mn ($217mn) in 2Q2020. For H1, net losses stood at €394mn ($466mn) vs. losses of €107mn ($127mn) during the same period last year. Losses occurred with restructuring costs of €511mn...

Commerzbank Q4 Earnings to Drag on $504mn Provision Increase

Commerzbank Reports Net Losses on Onetime Write-off and Restructuring Costs

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IBF-STS Recognised 8 CPD Hours

20 July 2022 (Wednesday) | 9am-5pm

Commerzbank Q4 Earnings to Drag on $504mn Provision Increase

Commerzbank Reports Net Losses on Onetime Write-off and Restructuring Costs

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IBF-STS Recognised
8 CPD Hours