FRANKFURT (Reuters) -Germany’s Commerzbank said on Friday that it posted a 20% increase in net profit in 2024, announcing earnings nearly two weeks ahead of schedule as it fends off interest in a tie-up from Italy’s UniCredit. Net profit rose to 2.68 billion euros ($2.78 billion) in the year, up from 2.22 billion euros in […]
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Germany’s Commerzbank posts 20% rise in net profit for 2024
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FRANKFURT (Reuters) -Germany’s Commerzbank said on Friday that it posted a 20% increase in net profit in 2024, announcing earnings nearly two weeks ahead of schedule as it fends off interest in a tie-up from Italy’s UniCredit.
Net profit rose to 2.68 billion euros ($2.78 billion) in the year, up from 2.22 billion euros in 2023, the bank said. That is above analyst expectations for profit of 2.47 billion euros, according to a consensus forecast.
Commerzbank said the profit was a record.
($1 = 0.9636 euros)
(Reporting by Tom Sims; editing by Matthias Williams)