Commerzbank boosts profits in spite of drop in fixed income revenues

By Tessa Wilkie
07 May 2014

Commerzbank racked up pre-tax profits of €324m in the first quarter, up from a loss of €29m in the same quarter the year before. The bank made a profit despite dismal trading conditions for the fixed income and currencies business.

Commerzbank’s corporates and markets division recorded pre-tax profits of €215m for the first quarter, down from €272m in the first quarter of 2013. Revenues before loan loss provisions were €542m, down slightly from €584m in the same period last year.

Lower activity in syndicated lending and leveraged ...

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