Germany's Commerzbank said on Friday that it posted a 20% increase in net profit in 2024, announcing earnings nearly two weeks ahead of schedule as it fends off interest in a tie-up from Italy's UniCredit.

Germany's Commerzbank said on Friday that it posted a 20% increase in net profit in 2024, announcing earnings nearly two weeks ahead of schedule as it fends off interest in a tie-up with Italy's UniCredit .

German bank Commerzbank beat expectations to report a record annual profit of €2.68 billion ($2.78 billion) on Friday in preliminary figures. The net result for the full financial year 2024 was 20% higher than the €2.

Germany's Commerzbank has demanded a formal written proposal amid a potential takeover by Italian bank UniCredit. "We have always signalled our willingness to talk and would examine a proposal from UniCredit in the interests of all stakeholders,

Commerzbank Aktiengesellschaft (CZB) Commerzbank approves the implementation of a further share buyback – dividend for the fiscal year 2024 expected to be €0.65 per share 31-Jan-2025 / 13:43 CET/CEST The issuer is solely responsible for the content of this announcement.

The behavior of the potential acquirer was very aggressive, very opaque, untransparent,” Germany’s Jörg Kukies told CNBC of UniCredit’s bid for Commerzbank.

EQS-News: Commerzbank Aktiengesellschaft / Key word (s): Payout/Annual Results Commerzbank increases net result to €2.7 bn in 2024 – Dividend expected to be €0.65 per share 31.01.2025 / 13:41 CET/CEST The issuer is solely responsible for the content of this announcement.

German lender under pressure to cut costs and boost returns after unwanted approach from UniCredit. Read more at straitstimes.com.

Commerzbank AG is looking at job cuts and moving roles outside Germany as part of a strategy update that the lender is set to present on Feb. 13, the Financial Times reported, citing people familiar with the matter.

Commerzbank on Wednesday defined UniCredit's approach for a potential tie-up as "hostile", and said there had been no discussion of it with the Italian bank in the past two years, despite UniCredit CEO Andrea Orcel saying there had.

"The behavior of the potential acquirer was very aggressive, very opaque, untransparent," Germany's Jörg Kukies told CNBC of UniCredit's bid for Commerzbank. The move by UniCredit, which is ...

Canadian oil producer Imperial Oil posted a fall in fourth-quarter profit on Friday, hurt by lower commodity prices.