Sales improved to €2.7 billion in Q2 2024 thanks to a strong contribution from customer business (€2.6 billion in Q2 2023).

Operating income amounted to €870 million in Q2 (vs. €888 million in Q2 2023).

For the first half, this represents an increase of 11% to €1,954 million (vs. €1,764 million in H1 2023).

Net income after tax and minority interests amounted to 538 million euros in the second quarter (vs. 565 million euros in Q2 2023). In the first six months of the year, net income improved by 12% to 1,285 million euros (vs. 1,145 million euros in H1 2023), the best result in 15 years.

At June 30, 2024, the Common Equity Tier 1 ratio (CET1 ratio) stood at 14.8% (June 30, 2023: 14.4%, March 31, 2024: 14.9%).

' We are well on track to achieve our targets for 2024. Our very good business performance and comfortable CET1 ratio encourage us in our intention to return more and more capital to our shareholders', said CFO Bettina Orlopp.

After a solid first half, Commerzbank confirms its targets for fiscal 2024: the bank is still aiming for net income above the previous year's level.

The Bank continues to target net interest income of around €8.1 billion, with potential for further growth for the full year 2024.

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