• Revenues increased by 9% to €2.6bn driven by higher net interest income
• Further provisions relating to the Swiss franc loans of mBank amounted to €347m in Q2 23
• Administrative expenses including compulsory contributions declined by 2% to €1.5bn
• Consolidated profit was up by 20% to €565m for Q2 23
• Commerzbank confirmed its 2023 net result target well above FY2022 and indicated that it had asked the regulators for a share buy-back approval
04 Aug 2023
Good Q2 figures despite additional burdens from Polish CHF loans
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Good Q2 figures despite additional burdens from Polish CHF loans
• Revenues increased by 9% to €2.6bn driven by higher net interest income
• Further provisions relating to the Swiss franc loans of mBank amounted to €347m in Q2 23
• Administrative expenses including compulsory contributions declined by 2% to €1.5bn
• Consolidated profit was up by 20% to €565m for Q2 23
• Commerzbank confirmed its 2023 net result target well above FY2022 and indicated that it had asked the regulators for a share buy-back approval