Commerzbank Achieves Best Half-Year Performance in 15 Years

Commerzbank has reported its best half-year performance in 15 years, driven by robust customer business. The bank's operating result increased by 11% to €2.0 billion in the first half of 2024, with a net profit growing by 12% to €1.3 billion. Q2 revenues improved to €2.7 billion, bolstered by growth across all customer segments. The Common Equity Tier 1 ratio stands at 14.8%, and the bank has applied for a €600 million share buyback.

Commerzbank also made significant strides in sustainable asset management, completing its acquisition of Aquila Capital Investmentgesellschaft. The bank’s focus on digitalisation has yielded positive results, with several accolades for its customer service and digital offerings.

"The first half of the year was our best in 15 years," said CEO Manfred Knof. Commerzbank aims to exceed its net profit of the previous year, maintaining a target CET1 ratio above 14%.