Commerzbank tells the standard profit, and launches a re -purchase because it wanders in unicredit

Commerzbank On Friday, it was unexpectedly released, and reached the “Standard” annual profit and the announcement of the new stock -purchasing system.

The bank said that it achieved a 20 % increase in the net profit to 2.68 billion euros ($ 2.78 billion) in 2024. This compares with a net net profit of $ 2.47 billion for this period, according to unanimity estimates that Reuters cited.

The group laid intentions for the re -purchase of 400 million euros of shares and suggested raising its profits payments to 0.65 euros per share, compared to 0.35 euros per share in the previous year.

The shares in the lender ended today by 1.7 %.

Other prominent points included net net income of 8.33 billion euros in 2024, compared to 8.37 billion euros in the previous year, noting that the bank benefited from the effects of foreign exchange evaluation in the fourth quarter. He picked up his return on concrete stocks – a profit performance measure – up to 9.2 % in 2024 of 7.7 % in 2023, which exceeds the group’s goal of reaching at least 8 %.

The group originally listed plans to publish its fourth and annual profits on February 13, when it also intends to submit the annual strategy update and expectations. Early version is with German legal requirements when the capital’s return amount greatly exceeds the expectations of capital markets.

The results come at a time when Commerzbank may represent an issue to stand alone, after building a surprise share of the second largest lender in Italy Unicredit The expected market speculation of interest in potential acquisition. UNICREDIT now has a 9.5 % share directly and a 18.5 % stake via derivatives in Commerzbank, after building her share for the first time in September, then increased its location.

This step was met with resistance from the German government, which criticized the Minister of Finance, Joorg Cookies Unicardit.Very aggressive, very transparentShow in CNBC interview last week.

Betina Uloop, CEO of Commerzbank, said in a statement accompanying the results, pointing to the management of costs and the growth of growth initiatives as paying the profit increase: “We have passed our return return in capital for our shareholders,” Bitena Uloop, CEO of Commerzbank said in a statement accompanying the results, pointing to the management of costs and the growth of growth initiatives as paying the profits.

“By increasing profitability and new growth initiatives, we will enhance the capital return in the coming years. Commerzbank is still an attractive investment.”

Since its presentation in September, Unicredit has also launched an offer to acquire local Italian peers BPM BankAsking questions about whether it will continue in a local or German project.