Overview
- Pre-tax profit in the third quarter came in at just over €1 billion, supported by higher revenues and lower loan-loss charges.
- Net profit declined nearly 8% to €591 million because of a higher tax burden.
- Full-year guidance for net interest income was raised to around €8.2 billion.
- The bank now plans to set aside less than the previously forecast €850 million in risk provisions and continues to target a roughly €2.5 billion annual surplus.
- Commerzbank remains under takeover pressure from UniCredit, which holds just over 26% and has access to additional shares via financial instruments.