Commerzbank AG (CRZBF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the Commerce Bank AG conference call regarding the third quarter results of 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 Orlop's and Carsten Schmidt's presentations. Let me now turn the floor over to our CEO Bettina Orlop. Good morning everyone and welcome to our earnings call. Our growth story in Commerzbank continues and we have achieved the best nine months operating result in the history of Commerzbank. This strong momentum also drives our outlook. With increased expectations for net interest income, we are very confident to deliver on our targets in 2025. I will present to you the financial overview after nine months of this year and the key strategic topics before Carsten will walk you through the financial performance of the third quarter. Let me start with our view on the last 12 months. It was a special journey that we embarked on. Based on an exceptionally good team spirit, we created a very strong momentum for Commerzbank. We developed our momentum strategy with ambitious targets for 2028. 50% cost income ratio, 15% return on tangible equity, and 100% payout each year. In this process, the extremely high commitment of everybody involved was as important as the bare numbers and targets. And this has translated into strong focus on delivery. The success is impressive. 13% loan growth in corporate clients, 8% growth in fee income, and an 11% increase in total revenues are proof of the strength of our team yellow. This is, however, only possible because we have a strong and robust business model that mee...