Shipping drags down Commerzbank results again
![Photo: Commerzbank](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article1016745.ece/ALTERNATES/schema-16_9/Commerzbank.jpg)
Major German bank Commerzbank reports a smaller profit, with an operating result of 547 million euros in the first six months of the year. In comparison, the bank operating profit in the same period 2012 was 1 billion euros. The second quarter of 2013 resulted in 78 million euros, and the large decline is attributed to lower interest rates and large provisions from non-core assets, including shipping, according to the bank's financial report for the first half of the year, published today.
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
HSH Nordbank: Commerzbank exit came as a shock
For subscribers
Shipping bank points to the biggest trends in the future
For subscribers
Norddeutsche Landesbank hit by shipping crisis
For subscribers