SUBSCRIBERS
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
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
New Thai finance minister downplays row with central bank
China's CICC may cut investment banking headcount by at least 10% this year
Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global
MAS ‘following up’ with DBS on cause of May 2 glitch in digital banking services
UBS shares soar as profit smashes forecasts, share buyback plans affirmed
Australia’s central bank sees no need to hike rates but wary of price risks