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Commerzbank Net Result Reaches €2.7 Billion in 2024

Commerzbank has reported a significant increase in its net result for 2024, reaching €2.7 billion. This represents a 20% rise from the previous year's €2.22 billion, marking a record profit for the bank. Revenue grew by 6% to €11.1 billion, driven primarily by robust customer business and a 7% increase in net commission income to €3.64 billion. Net interest income remained steady at €8.33 billion.

The bank's credit portfolio remained resilient despite economic challenges, with a risk result of minus €743 million. Additionally, the cost-income ratio improved to 59%, while return on equity increased to 9.2%, surpassing expectations. Commerzbank plans to propose a dividend of €0.65 per share, up from €0.35 last year, and has approved a share buyback of up to €400 million.

R. H.

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