• Net result after minorities was a loss of €69m for Q3 20 compared to a net profit of €297m for Q3 19
• Commerzbank booked restructuring charges of €201m in Q3 20
• Risk result (loan losses) was €272m for Q3 20 including €181m due to the COVID-19 impact
• The bank expects a negative net result for FY2020
05 Nov 2020
Q3 loss due to restructuring charges
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Q3 loss due to restructuring charges
Commerzbank AG (0RLW:LON), 0 | Commerzbank AG (CBK:ETR), 0 | Commerzbank AG (CBK:WBO), 0 | Commerzbank AG (CBKN:BSE), 0 | Commerzbank AG (1CBK:MIL), 0 | Commerzbank AG (CBK:SWX), 0 | Commerzbank AG (CRZBF:OTC), 0 | Commerzbank AG (COMMB:BUD), 0 | Commerzbank AG (CBKN:MEX), 0
- Published:
05 Nov 2020 -
Author:
Dieter Hein -
Pages:
2
• Net result after minorities was a loss of €69m for Q3 20 compared to a net profit of €297m for Q3 19
• Commerzbank booked restructuring charges of €201m in Q3 20
• Risk result (loan losses) was €272m for Q3 20 including €181m due to the COVID-19 impact
• The bank expects a negative net result for FY2020