Commerzbank Q1 net profit up 124% despite Ukraine conflict

FRANKFURT – Commerzbank’s internet revenue within the first quarter rose 124%, figures on Thursday confirmed, regardless of elevated provisions and writedowns because of the Russia-Ukraine battle.

Internet revenue was 298 million euros ($313.14 million)within the quarter, greater than the 284 million euros it had introduced in preliminary earnings. That's up from 133 million euros a 12 months in the past.

It stated it confirmed its full-year internet revenue goal of greater than 1 billion euros.

($1 = 0.9517 euros)

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