Commerzbank released some preliminary Q2 16 figures. Net profit decreased by 32% to €209m for Q2 16 compared to Q2 15. Operating profit was down by 18% to €342m in the same period. The Common Equity Tier 1 ratio (CET 1) under full application of Basel 3 stood at 11.5% at the end of June 2016 (end of March 2016: 12.0%; end of June 2015: 10.5%) based on preliminary figures.
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Pressure on CET1
Commerzbank released some preliminary Q2 16 figures. Net profit decreased by 32% to €209m for Q2 16 compared to Q2 15. Operating profit was down by 18% to €342m in the same period. The Common Equity Tier 1 ratio (CET 1) under full application of Basel 3 stood at 11.5% at the end of June 2016 (end of March 2016: 12.0%; end of June 2015: 10.5%) based on preliminary figures.