Commerzbank Reports €2.7 Billion Net Result for 2024

Commerzbank has announced a net result of €2.68 billion for 2024, marking a significant increase of about 20% from the previous year and achieving a record profit for the bank. The revenue rose by 6% to €11.1 billion, mainly due to strong customer business and a notable 7% growth in net commission income. Net interest income remained stable at €8.3 billion. The bank's cost-income ratio improved to 59%, and the return on equity increased to 9.2%.

Based on these results, Commerzbank plans to propose a dividend of €0.65 per share and initiate an additional share buyback of up to €400 million. This strategy is part of a larger capital return plan, amounting to around €1.73 billion, which corresponds to a 71% payout ratio of the net result.

CEO Bettina Orlopp highlighted that the bank has exceeded its capital return promises, focusing on cost management and growth initiatives to enhance profitability.