commerzbank profits almost triple to €280m
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Commerzbank: Profits almost triple to €280m

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Arab Today, arab today Commerzbank: Profits almost triple to €280m

Commerzbank
Frankfurt - Arab Today

Germany's second biggest banking group Commerzbank said Monday its second quarter profits had almost tripled, pushed up by higher revenue and a lower tax bill.

From April to June the bank made a net profit of 280 million euros, it said, against 100 million in the first quarter. The results are better than analysts predicted, with Factset saying the bank's net profits were likely to come in around 267 million euros.

 

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