Commerzbank Reports Strong First Quarter Results

Commerzbank began the financial year with robust performance, achieving a 13% increase in operating profit to €1.2 billion and a net profit of €834 million, the highest since 2011. Revenue grew by 12% to €3.1 billion, while net commission income rose by 6% to €1 billion. The cost-income ratio improved to 56% from the target of 57% for the year. The bank maintained a stable risk result of minus €123 million, with a non-performing exposure ratio at 1.0%.

In March, Commerzbank completed a €400 million share buyback, adding to the €600 million buyback from late 2024 to early 2025. The bank plans further capital returns and an application for a new share buyback by Q3 2025. The strategy "Momentum" is advancing with AI applications, including an avatar-enabled banking app and the launch of "Fraud AI" for real-time fraud detection.

An increase in net commission income was driven by the securities business. Revenues in mBank increased by over 50%, contributing to Commerzbank's strong overall performance.