“Moderate” on the cards, according to the CEO of Commerzbank Manfred Knof.
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Commerzbank On Friday, it was unexpectedly released, and reached the “Standard” annual profit and the announcement of the new stock -purchasing system.
The bank said that it achieved a 20 % increase in net profit to 2.68 billion euros ($ 2.78 billion) in 2024. This compares with net net profit of $ 2.47 billion for this period, according to unanimity estimates that Reuters cited.
The group laid intentions for the re -purchase of 400 million euros of shares and suggested raising its profits payments to 0.65 euros per share, compared to 0.35 euros per share in the previous year.
The shares in the lender increased by 2.3 % at 1:30 pm London time, after the release.
The group originally included plans to publish its fourth and annual profits on February 13, when it also intends to present the annual press conference. Early version is with German legal requirements when the capital's return amount greatly exceeds the expectations of capital markets.
The results come at a time when Commerzbank may represent an issue to stand alone, after building a surprise share of the second largest lender in Italy Unicredit The expected market speculation of attention is possible. UNICREDIT now has a 9.5 % share directly and a 18.5 % stake via derivatives in Commerzbank, after building her share for the first time in September, then increased its location.
This urgent news story is updated.
