Commerzbank's Q2 net profit declines 4.8% to €538m due to decreased net interest income.

Germany's Commerzbank reports a 4.8% Q2 net profit decline to €538m due to decreased net interest income, as expected. The bank seeks regulator approval for a €600m share buyback plan and reaffirms its full-year targets. Despite the decline, the bank's CEO states the first half of the year was its best in 15 years, following a major overhaul that has reduced its workforce and branch network.

August 07, 2024
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