Commerzbank Quadruples Profit
World Economy

Commerzbank Quadruples Profit

Commerzbank has said a sharp rise in 2015 bottom-line earnings will lead management to propose a dividend again. Germany’s second-largest lender was seen reaping the fruits of its investment banking drive, DW reported. Commerzbank quadrupled its net earnings in 2015, the company reported on Friday. Its bottom-line profit reached €1.06 billion ($1.2 billion) last year. Revenues totaled €9.762 billion, marking an 11% increase year-on-year. The Frankfurt-based lender attributed the positive results to a stronger focus on its retail banking business, with huge investments in the high-street segment now paying off.

Short URL : http://goo.gl/qk3P11
  1. http://goo.gl/4qAbLL
  • http://goo.gl/0MyW5t
  • http://goo.gl/uq3znC
  • http://goo.gl/vSphwf
  • http://goo.gl/XBv5Vc

You can also read ...

Pakistan to Be Placed Back on FATF List
Pakistan will be placed back onto an international terrorism-...
Turkey will have the widest current account deficit this year at 4.5% of GDP, followed by Argentina and Colombia.
As the US and European countries embark on a monetary...
Cybercrime cost has jumped by $155 billion since 2014.
Global businesses are losing the equivalent of nearly 1% of...
Nigeria Bank Sees Faster Growth
Nigeria’s biggest bank by revenue expects lending to...
US Presses India to Cut Tariffs
US businesses and diplomats are pressing India to cut tariffs...
UAE Inflation  to Rise to 3.3%
Inflation is expected to rise to 3.3% in the UAE as the 5%...
The ECB expressed more confidence that inflation would converge over time to its 2% target.
Released within 24 hours of each other this week, the minutes...
Europe’s main London, Frankfurt and Paris markets barely budged in early moves.
A stronger dollar and slightly higher global borrowing costs...