Commerzbank : Durably inadequate profitability
>Growth in business not reflected in revenues - The Q2 results once again show that growth in business at the retail Germany division is still not feeding through to higher revenues. Since end-2016, volumes (measured by the EaD) have increased by 23% (RWA +20%), while revenues are stable excluding exceptional items. For the "corporates" division, business was down Q2/Q2, particularly in the Mittelstand segment, which is one of the development areas. Unsurprisingly, re...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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