Q2 2021 Commerzbank AG Earnings Call Transcript

Feb 13, 2024

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Aug 04, 2021 / 07:00AM GMT
Operator

Good morning, ladies and gentlemen, and welcome to the Commerzbank AG Conference Call. Please note that this call is being transmitted as well as recorded by audio webcast and will subsequently be made available for replay on the Internet. (Operator Instructions) And the floor will be open for questions following Manfred Knof and Bettina Orlopp's presentation.

Let me now turn the floor over to our CEO, Manfred Knof.

Manfred Knof - Commerzbank AG - Chairman of the Board of MD & CEO

Good morning, and welcome to our earnings call for the second quarter of this year. I will provide you with the overview of the strategic and financial development before Bettina will guide you through the details of the financial performance.

Overall, we have made good progress in the strategic transformation of the bank and reached a solid operating result of EUR 570 million in the first half of the year. Q2 stand-alone came in with an operating result of EUR 32 million. It benefits from the benign risk results and from our robust client-facing business, but

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