Commerzbank AG (CRZBF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

This conference will be recorded. Hello and welcome to the Comets Bank AG conference call regarding the second quarter results 2025. 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. At this time, all participants have been placed on a listen-only mode. The floor will be open for questions following Bettina Orlobs and Carsten Schmidt's presentation. Let me now turn the floor over to our CEO Bettina Orlop. Good morning everyone and welcome to our earnings call. In the first half of this year, we have achieved the best operating result in the history of Commerzbank. Based on this excellent performance and the momentum we have created, we raise our targets and expectations for 2025. And Carsten and I look forward to walking you through the numbers and performance drivers, including our outlook. I will concentrate on H1 and the overall strategic and macro picture. Carsten will focus on the performance of the second quarter. The financial dynamics and earnings momentum continue and our teams have developed the best ever operating result in the first half of the year. The 23% increase is especially in light of the macro impact a strong proof for the commitment of our staff at Commerzbank and mBank, as well as for the trust of our clients. The second point of my summary addresses the very good progress in the implementation of our momentum strategy. I will come back to this in a moment. Let me highlight that we are running according to plan regarding the negotiations of our restructuring program. This is thanks to an extremely good cooperation with the Works Council, which demonstrates a high degree of common interest. Third point of my summary is about capital return. Alr...