Reported 19 days ago
Commerzbank AG has increased provisions for bad loans and revised its lending income forecasts, complicating CEO Bettina Orlopp's efforts to defend against a takeover bid from UniCredit. Despite better-than-expected profits in Q3 and a new share buyback plan, the bank's outlook for net interest income in 2025 has been downgraded, creating challenges for its independence strategies as it aims to enhance capital efficiency and maintain investor confidence.
Source: YAHOO