Commerzbank AG (CRZBF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.078 Hello and welcome to the Commerzbank AG conference call regarding the first quarter results 00:00:05.078 -- 00:00:07.078 2025. 00:00:07.381 -- 00:00:12.829 Please note that this call is being transmitted as well as recorded by audio webcast 00:00:12.829 -- 00:00:17.696 and will subsequently be made available for replay in the internet. 00:00:17.696 -- 00:00:21.121 At this time all participants have been placed on a listen-only mode. 00:00:21.121 -- 00:00:25.127 The floor will be open for questions following Bettina Orlob's and Carsten Schmidt's 00:00:25.127 -- 00:00:26.689 presentation. 00:00:26.689 -- 00:00:31.353 Let me now turn the floor over to our CEO Bettina Orlob. 00:00:32.768 -- 00:00:36.714 Good morning everyone and welcome to our earnings call for the first quarter 2025. 00:00:36.714 -- 00:00:38.597 The 00:00:38.597 -- 00:00:43.704 strong momentum we have created in recent quarters has continued in Q1 and we 00:00:43.704 -- 00:00:46.809 are looking to the future with confidence. 00:00:46.809 -- 00:00:51.315 We are happy to walk you through our very good results and provide you with our largely 00:00:51.315 -- 00:00:56.463 unchanged outlook for 2025. I start with an overview before Carsten 00:00:56.463 -- 00:01:00.506 takes over to present the details of the financials. 00:01:00.629 -- 00:01:06.534 Let me start with four key messages before I discuss them a little bit more in detail. 00:01:06.534 -- 00:01:11.619 First, we delivered the best quarterly net result for Comets Bank in more than a 00:01:11.619 -- 00:01:16.924 decade. Second, the implementation of our strategic program towards 00:01:16.924 -- 00:01:22.208 15% return on tangible equity in 2028 has kicked off well 00:01:22.208 -- 00:01:25.932 the first tangible mil...