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$691 million in German Commerzbank profits in the third quarter

$691 million in German Commerzbank profits in the third quarter

However, the bank is still registered in the Bursa index.”Dax“It is on track to achieve record profits of around €2.4 billion for the full year 2024.

In the third quarter, profits reached German Bank 642 million euros (about 691 million dollars), 6 percent less than the same period last year.

The bank’s president, Bettina Orlop, who was promoted to the bank’s top job on October 1, said: “We are confident in our ability to increase profits again this year… Our client business has developed very well in the third quarter. The growth is also strong.” “The net commission income is very encouraging.”

The bank now expects its net interest and commission income for the year as a whole to be higher than before.

At the beginning of last September, the bank exploitedUniCredito“Italian Partial Exit of the German Government from”CommerzbankHe acquired shares in the bank on a large scale. Adding financial instruments, the Italian bank acquired 21 percent of the shares.

The Italian bank also applied for permission to increase its stake to up to 29.9 percent. UniCredito President Andrea Ursel has described a potential takeover of Commerzbank as an option.



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