| Home | August 2011News | Commerzbank: Operating profit at EUR 1.2 bn in the first half of 2011 |
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 Commerzbank: Operating profit at EUR 1.2 bn in the first half of 2011- Commerzbank: Operating profit at EUR 1.2 bn in the first half of 2011
- August 10, 2011
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In the first six months of 2011 Commerzbank has made considerable progress. The Core Bank with the operating segments Private Customers, Mittelstandsbank, Central & Eastern Europe, as well as Corporates & Markets, was able to double its operating profit in a year-on-year comparison (EUR 2.1 billion following EUR 1.1 billion in the first half of 2010).
In response to the decisions of the EU special summit in July 2011 the Bank has booked impairments of EUR 760 million on Greek sovereign bonds already as of June 30, 2011. In this respect, the bonds due after 2020 have also been taken into consideration. In the first six months of 2011 the Group's operating profit was EUR 1.2 billion, following on from EUR 1.0 billion in the same period of the previous year. In the second quarter of 2011 the Group posted an operating profit of EUR 55 million (af...
- View more at: http://www.1888pressrelease.com/commerzbank-operating-profit-at-eur-1-2-bn-in-the-first-hal-pr-325766.html
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