Commerzbank: 45% rise in profits ahead of UniCredit deal
Published
The German bank Commerzbank announced that its profits rose by 45%. This increase came shortly before an agreement with the Italian bank UniCredit.
The bank's total revenue rose by 8.9%, reaching €3.2 billion. This increase shows that the company's operations performed well.
Revenue from loans also rose, by 3.5% compared with the previous year. Loans are one of the core activities of a bank, so this development is particularly important for the results.
Details of the agreement with UniCredit are not included in the information available to date. Readers can follow the upcoming announcements from the two banks for further details.
Sources: Insider.gr
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