Commerzbank (CRZBY.PK) announced that the Bank expects a net loss for the first quarter of 2013. The Bank started solidly in the first three months of 2013 in operational terms, but the first-quarter will be affected by one-off effects due to the planned job cuts, Commerzbank said. Restructuring expenses of almost 500 million euros were booked.
Commerzbank said, through to 2016, it is investing more than 2 billion euros in its core business. The Bank has set the goal of generating a post-tax return on equity after taxes of more than 10 per cent in the Core Bank by the year 2016. In the same period, Commerzbank intends to reduce cost-income ratio in the Core Bank to around 60 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.