Risk costs snag Commerz as outlook worsens

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Risk costs snag Commerz as outlook worsens

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D8BNXE Commerzbank banking branch Konigsallee street Stadtmitte central Dusseldorf city North Rhine Westphalia region western Germany | Alamy Stock Photo

Michael Reuther, head of Commerzbank’s corporate clients division, expects more firms to enter the bank’s "intensive care department" as economic pressures weigh on European corporates. And in his unit the cost of risk more than tripled in the second quarter, helping to shrink operating profits.

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