Commerzbank Reports Full-Year 2018 Results; Growth in Loan Volumes and Low Cost of Risk Stand Out
Commerzbank reported full-year 2018 operating income excluding exceptional items of EUR 1.2 billion, up 8% compared with last year. Underlying revenue grew EUR 441 million to EUR 8.6 billion on the back of good loan growth of 9% in the private customer and 5% in the corporate client segment. Commerzbank delivered on its cost target of EUR 6.9 billion by disposing of its ECM segment. Excluding the divestment, costs stayed virtually flat as staff reductions nearly offset higher growth-related expe...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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