Economics

Commerzbank surprises with firm Q2 net profit

Germany's second-biggest bank, Commerzbank, saw net profit dive in the second quarter owing to low interest rates and high provisions, its results showed on Thursday.

08.08.2013

(AFP) Germany's second-biggest bank, Commerzbank, saw net profit dive in the second quarter owing to low interest rates and high provisions, its results showed on Thursday.

Net profit crumpled more than six-fold to 43 million euros from April to June compared to 270 million booked in the same period a year earlier, the bank said.