Commerzbank posted a 15 percent rise in quarterly net profit as it set aside less cash to cover ailing loans held in its restructuring division, saying the strategic overhaul of the group was on track.
Revenue is likely to remain under pressure, Germany's No. 2 lender said in its third-quarter report published on Thursday. It declined to give a more specific outlook.
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Commerzbank's 77 million euros net profit in the third quarter beat an average forecast of 31 million.
"We have further enhanced the stability of the bank," Chief Executive Martin Blessing said, adding: "We shall push ahead with our efforts to reduce non-strategic portfolios further."