The German bank Commerzbank said taht in the second quarter of 2025 net attributable profit fell 14.1% to 462 million euro after booking 493 million in restructuring costs.
Total revenue rose 13.2% to 3.019 billion euros and the operating profit grew 34.3% to 1.169 billion euros.
Commerzbank raised its outlook for the full year. It now expects a net result of around 2.9 billion euros before restructuring expenses, having previously anticipated around 2.8 billion. After restructuring expenses, the bank now expects a net profit around 2.5 billion euros, up from around 2.4 billion. Commerzbank now anticipates a net interest income of around 8 billion euros for the full year and a related positive fair value adjustment of around 0.3 billion.
In total, this contributes around 8.3 billion euros to revenues. Previously, the bank had expected net interest income of around 7.8 billion euros and a related positive fair value adjustment of around 0.3 billion, totalling around 8.1 billion.
The bank still plans for net commission income to grow by around 7%. Commerzbank confirms its target for the cost-income ratio at around 57%.
The CET 1 ratio is anticipated at least at 14.5% by year-end after the planned capital return and restructuring expenses.
It has also confirmed its plan for capital return. For 2025, Commerzbank continues to aim to return 100% of its net result before restructuring expenses and after AT 1 coupon payments to its shareholders. For the following years from 2026 to 2028, Commerzbank aims for a payout ratio of 100% after AT 1 coupon payments. The bank intends to continuously increase.
