• Total revenues were up by 12% to €9.5bn for 2022 compared to 2021
• Poland contributed negative revenue of €278m plus a further €650m of provisions for the Swiss franc loans of mBank
• Net profit attributable to share increased from €291m for FY2021 to €1.24bn for FY2022
• Commerzbank is targeting a net result in 2023 well above the 2022 level. In addition, the Bank intends to increase the pay-out ratio to 50%

16 Feb 2023
Good 2022 figures pushed by rate hikes despite the burden of Polish mBank

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Good 2022 figures pushed by rate hikes despite the burden of Polish mBank
• Total revenues were up by 12% to €9.5bn for 2022 compared to 2021
• Poland contributed negative revenue of €278m plus a further €650m of provisions for the Swiss franc loans of mBank
• Net profit attributable to share increased from €291m for FY2021 to €1.24bn for FY2022
• Commerzbank is targeting a net result in 2023 well above the 2022 level. In addition, the Bank intends to increase the pay-out ratio to 50%