FRANKFURT AM MAIN, (Millat + APP/AFP) – Germany’s second-largest lender Commerzbank booked net profits down more than 74 percent in 2016, financial results released Thursday showed, as it continues to battle through a tough restructuring.
The bank’s 279 million euros ($298 million) net profit beat the 222 million forecast by analysts surveyed by Factset, but fell far short of the almost 1.1-billion-euro result it reported in 2015.