Frantic few months at loss-making Commerzbank

Commerzbank_Adobe_575x375_14May2020
By Jasper Cox
14 May 2020

It was a busy first quarter at Commerzbank’s corporate clients division, as companies rushed to secure liquidity and access Germany’s support programmes. But that division and the group as a whole made a loss in the quarter, results released on Wednesday showed, as cost of risk rose and valuations of derivative positions fell.

Bank bosses sometimes put banal statements at the top of results releases, but Martin Zielke, chair of the board of managing directors at Commerzbank, chose not to.

“The coronavirus pandemic is putting the world and our economic system under a severe strain,” he said. “We have not ...

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