Commerzbank AG (BSE:CBKN)

lei 77 0 (0%) Market Cap: 91.73 Bil Enterprise Value: -205.73 Bil PE Ratio: 8.69 PB Ratio: 0.57 GF Score: 65/100

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Q3 2022 Commerzbank AG Earnings Call Transcript

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Release Date Price: lei37.47 (-7.94%)

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 in the Internet. (Operator Instructions) The floor will be open for questions following Manfred Knof's 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, everyone, and welcome to our earnings call for the third quarter. Let me start with some general remarks before I walk you through the slides and Bettina goes into the financials.

On the one hand, we see a very strong performance in our business and are fully on track with our transformation program. On the other hand, we face significant macro uncertainties along the lines of GDP, inflation, rates, and asset quality. This makes it very hard to provide you with an outlook that does not come with some health warnings. However, I'm very convinced that we will

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