Commerzbank Reports 23% H1 Operating Profit Rise, Raises 2025 Net Result Target

Commerzbank reported a strong financial performance in the first half of 2025, achieving record operating results with a 23% increase to €2.4 billion despite incurring significant restructuring costs. The bank's revenues grew by 13% to €6.1 billion, driven primarily by a robust increase in net commission income, while net interest income remained stable. In the second quarter, net profit fell 14% to €462 million due to one-off restructuring expenses but exceeded analysts' expectations, leading Commerzbank to raise its net result outlook for the full year to around €2.5 billion. The cost-income ratio improved to 56%, beating targets, and the bank maintained a strong capital position, planning up to €1 billion in share buybacks and further dividend distributions to enhance shareholder value. Commerzbank continues to resist a takeover attempt by Italy's UniCredit, with support from its leadership, works council, and the German government, emphasizing its commitment to independent growth and strategic transformation. The bank also advanced its 'Momentum' strategy, including workforce reductions and digital platform enhancements, underscoring its focus on operational efficiency and long-term profitability.