• Total revenues decreased by 4.5% to €2.7bn in Q1 23 compared to Q1 22
• The risk result (loan losses) improved from €464m for Q1 22 to €68m for Q1 23
• Consolidated profit was up by 95% to €580m for Q1 23
• Commerzbank confirmed all of its 2023 financial targets

17 May 2023
Revenue decrease in Q1 but a strong profit increase thanks to lower risk costs

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Revenue decrease in Q1 but a strong profit increase thanks to lower risk costs
• Total revenues decreased by 4.5% to €2.7bn in Q1 23 compared to Q1 22
• The risk result (loan losses) improved from €464m for Q1 22 to €68m for Q1 23
• Consolidated profit was up by 95% to €580m for Q1 23
• Commerzbank confirmed all of its 2023 financial targets