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Commerzbank's Q3 profit beats expectations

Earnings up in retail, corporate banking units; costs for bad loans fall

Published Sun, Nov 9, 2014 · 09:50 PM
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Frankfurt

COMMERZBANK'S third-quarter net profit tripled to 225 million euros (S$361 million) as earnings in its retail and corporate banking units rose and costs for bad loans fell, in a sign that the bank's turnaround plan was gaining traction.

Germany's second-biggest lender beat analysts' expectations of a net profit of 192 million euros.

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