• Pre-tax profit declined by 18% to €318m for Q2 19 • The tax rate was only 6% for Q2 19 compared to 24% for Q2 18 • Commerzbank’s profitability was still much too low in H1 19 at 3.1% • The trends in the two operating segments were quite different in Q2 19
07 Aug 2019
Weaker Q2 figures rescued by a much-lower tax rate
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Weaker Q2 figures rescued by a much-lower tax rate
• Pre-tax profit declined by 18% to €318m for Q2 19 • The tax rate was only 6% for Q2 19 compared to 24% for Q2 18 • Commerzbank’s profitability was still much too low in H1 19 at 3.1% • The trends in the two operating segments were quite different in Q2 19