Lower CET1 Ratio and Continued Pressure From Negative Rates Hurt Results for Commerzbank
Commerzbank reported another difficult quarter, and it has become clear this will be a difficult year for the bank in general, a common theme throughout Europe. Second-quarter operating results improved from the first quarter but were again below results seen last year. The most worrying number was the decrease in the common equity Tier 1 ratio, from 12% to 11.5%. This news came out along with the results of the European Banking Authority's stress test, where the adverse scenario test also showe...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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