commerzbank to resume dividend payout after favourable
Last Updated : GMT 00:27:23
Arab Today, arab today
Arab Today, arab today

Commerzbank to resume dividend payout after favourable

Arab Today, arab today

Arab Today, arab today Commerzbank to resume dividend payout after favourable

Commerzbank
Frankfurt - AFP

Commerzbank, Germany's second biggest lender, said Thursday it planned to pay a dividend for 2015 for the first time since 2008 after business developed favourably in the first three months.

"We have made a successful start into 2015. We are performing well in all the operating segments and ... have considerably improved the revenues," said chief executive Martin Blessing.

"We have more than doubled the result in the first quarter. We are planning for a dividend for the financial year 2015 and are accruing quarterly. However, we have to wait, whether it will be enough at the end of the year," Blessing said.

Commerzbank was severely hit by the financial crisis, having to be rescued by the state in 2009 and the government still holds a 15-percent stake in the bank.

In the first three months of this year, net profit jumped 83 percent to 366 million euros ($416 million).

Underlying or operating profit more than doubled, rising to 685 million euros in the period from January to March from 324 million euros a year earlier. Revenues were upo 23 percent at 2.782 billion euros.

Last week, Commerzbank said it had raised 1.4 billion euros in fresh capital to boost its capital buffers.

Looking ahead to the rest of the year, the bank expressed confidence.

"Despite the challenging environment as a result of the low interest rates, in the 2015 financial year we aim to grow the revenues and market share," said chief financial officer Stephan Engels.

"As expenses are under pressure due to regulatory requirements and the European bank levy, comprehensive execution of ongoing efficiency programmes are necessary to keep our cost base stable over the year," Engels said.

The group aimed to increase its core capital ratio -- a measure of financial strength to "significantly more than 10 percent by the end of 2015," he added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

commerzbank to resume dividend payout after favourable commerzbank to resume dividend payout after favourable

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

commerzbank to resume dividend payout after favourable commerzbank to resume dividend payout after favourable

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday