Commerzbank saw its profit rise 39% in '98

Article Abstract:

Commerzbank AG reported a 39% rise in net profits for the 1998 year. The bank's figures were helped primarily by strong income from fees and one-time items. Commerzbank is the fourth-largest bank in Germany. Its net increased to 1.74 billion deutschemarks ($971.1 million), compared to 1997's 1.25 billion deutschemarks. Commerzbank was not seriously affected by the slowdown in emerging markets in 1998.

Comment:

Reports 39% rise in net profits for the 1998 year

Germany, Sales, profits & dividends, Finance, Abstract

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Commerzbank net soars on online broker's IPO

Article Abstract:

Commerzbank AG posted an increase of 129% in its net profits for the first nine-months of 2000. The company also introduced its new chairman, Klaus-Peter Mueller, as well as a new restructuring strategy.

Strategy & planning, Management

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Commerzbank to elect new chairman

Article Abstract:

Klaus-Peter Mueller is expected to be appointed as the new chairman of Commerzbank AG. Mueller is replacing Martin Kohlhaussen, who has been the bank's chairman since 1991.

Officials and employees, Kohlhaussen, Martin

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