Failed merger talks help us improve strategy - Commerzbank

Mittwoch, 22. Mai 2019 10:55

Commerzbank AG said on Wednesday that the failed merger talks with Deutsche Bank AG have revealed areas in which their business strategy can be tweaked, announcing further details on the strategy for autumn 2019, according to local media. The Germany's second largest bank also pointed out that it will work hard to achieve profitability, after the latest earnings report showed a revenue decrease of 2.7% on an annual basis.

As part of making improvements to bank's operations, Commerzbank announced earlier that it has entered a strategic partnership with company GlobalTrade Corporation with the a view to further digitize and automate its trade finance business.

Commerzbank's shares dipped 2.0% at 10:51 am ET.

Related Links: Deutsche Bank AGCommerzbank AG
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