17 Feb 2022

Return to profit but still in restructuring mode

- Dieter Hein
- 3 pages

• Net profit increased from a loss of €2.9bn for FY2020 to a profit of €430m for FY2021 which was higher than consensus expectations of €95m. • Risk result declined from €1.75bn for 2020 to €570m for 2021. • Restructuring expenses were €1.08bn in 2021 compared to €814m in 2020. • Commerzbank expects a net profit of more than €1bn, and aims to pay a 30% dividend for FY2022, thereafter 30-50% plus potential share buy-backs.

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Return to profit but still in restructuring mode

Commerzbank AG (CBK:ETR) | 0 0 0.0%

Published: 17 Feb 2022
Author: Dieter Hein
Pages: 3

• Net profit increased from a loss of €2.9bn for FY2020 to a profit of €430m for FY2021 which was higher than consensus expectations of €95m. • Risk result declined from €1.75bn for 2020 to €570m for 2021. • Restructuring expenses were €1.08bn in 2021 compared to €814m in 2020. • Commerzbank expects a net profit of more than €1bn, and aims to pay a 30% dividend for FY2022, thereafter 30-50% plus potential share buy-backs.