Commerzbank AG (XTER:CBK)

€ 15.665 0.095 (0.61%) Market Cap: 18.56 Bil Enterprise Value: -41.23 Bil PE Ratio: 8.75 PB Ratio: 0.58 GF Score: 55/100

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Q1 2020 Commerzbank AG Earnings Call Transcript

May 13, 2020 / 07:00AM GMT

Release Date Price: €2.99 (-7.09%)

Transcript

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)

Let me now turn over the floor to Dr. Orlopp.

Bettina Orlopp

Commerzbank AG - CFO, Head of Tax, IR, Treasury & Member of the Board of MDs

Good morning, ladies and gentlemen. Welcome to our earnings call on the results of the first quarter 2020. We are all in troubled times, and also it comes with many challenges. I'm happy that Commerzbank is holding up well which is, first and foremost, a result of the excellent job our staff is doing. We have been supporting our clients through the crisis and have seen good customer business in the first quarter. And equally important, we have a strong capital and liquidity position. This forms a very solid foundation to successfully manage Commerzbank through the crisis.

Let me describe how we are positioned on Slide 1. We take care of our

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