Commerzbank of AG doubled quarter net profit almost thanks to growth of rates

In the I quarter 2023 of Commerzbank of AG, the second-large bank Germany, doubled net profit almost thanks to growth of interest income in the conditions of lifting of rates. The net profit banks in January-March made 580 million euros against 298 million euros year before. Net interest income jumped up for 39%, to 1,95 billion euro, the net commission income decreased by 5,6%, to 915 million euros. Experts on the average predicted net profit of Commerzbank of AG at the level of 481 million euros, net interest income - 1,88 billion euro, the commission income - 911 million euros, the data collected by bank testify...