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Reuters
13-05-2025
- Business
- Reuters
Commerzbank's priority is quick execution of standalone strategy, CEO says
FRANKFURT, May 13 (Reuters) - Commerzbank's ( opens new tab priority is the execution of its own strategy and that markets can see what the lender can achieve as a standalone company, CEO Bettina Orlopp plans to tell shareholders at an annual meeting this week. The prepared remarks, published by Commerzbank on Tuesday for delivery on Thursday, come as the German bank fends off a possible takeover by Italy's UniCredit ( opens new tab. Last week, Commerzbank beat expectations with its earnings report for the first quarter despite strong headwinds for the German economy. "The capital market now knows that we have a convincing plan to create value - and what we can achieve as an independent bank," Orlopp said. She added that the bank is "always prepared to look at alternative options with an open mind" but that the priority was the swift implementation of its own strategy. The stance is in line with her recent comments.
Reuters
09-05-2025
- Business
- Reuters
Commerzbank posts surprise profit increase as it fends off UniCredit
FRANKFURT, May 9 (Reuters) - Germany's Commerzbank ( opens new tab, fending off a possible takeover by Italy's UniCredit ( opens new tab, said on Friday that net profit rose nearly 12% in the first quarter, defying expectations for a drop. Net profit of 834 million euros ($936 million) in the quarter compares with a profit of 747 million euros a year earlier. Analysts had on average expected profit of 698 million euros, according to a consensus forecast published by Commerzbank. ($1 = 0.8908 euros)
