Investegate announcements from Commerzbank Aktiengesellschaft, Commerzbank doubles operating result to 1.3 billion euros in the first six months of the year
DJ Commerzbank doubles operating result to 1.3 billion euros in the first six months of the year Commerzbank Aktiengesellschaft (CZB) Commerzbank doubles operating result to 1.3 billion euros
Commerzbank doubles operating result to 1 3 billion euros in the first six months of the year finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Commerzbank AG said that Germany could face a slump similar to the contraction seen after the 2008 financial crisis if Russia were to cut off gas supplies.
A bellwether for Europe’s largest economy because it caters to Germany’s small and medium-sized companies, Commerzbank said it would expect to set aside another 500 million euros to 600 million euros (US$509 million to US$611 million) for bad loans as a result.
Last week, larger rival Deutsche Bank AG said that it would have to stash an additional 1 billion euros over two years in such a scenario.
Germany is among the countries most vulnerable