World Economy

Commerzbank Quadruples Profit

Commerzbank Quadruples ProfitCommerzbank 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.