Commerzbank 4.0 is progressing well: on the way to becoming more digital and more cost-efficient.
Commerzbank recorded low net profit of EUR 66 million for the first nine months of 2017 versus EUR 96 million last year. The year-to-date bottom line is supported by EUR 472 million net profit booked during third-quarter 2017. Commerzbank’s profit generation is so far in line with our rather low profit projections of EUR 207 million for the full year. While the bank is progressing well with the restructuring, revenue generation remains weak. We retain our 2017 estimates for Commerzbank while inc...Commerzbank operates through five segments: Private Customers, which comprises the Private Customers, Direct Banking and Commerz Real divisions; Mittelstandsbank, which include the Mittelstand Germany, Corporate Banking & International and Financial Institutions divisions; Central and Eastern Europe, which consists of the universal and regional banking and direct banking activities; Corporates and Markets, which consists the Equity Markets & Commodities, Fixed Income & Currencies, Corporate Finance and Credit Portfolio Management divisions; as well as Non-Core Assets, which includes the operations of CRE Banking Germany, CRE Banking International, Public Finance and Deutsche Schiffsbank.
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