Followers | 241 |
Posts | 12081 |
Boards Moderated | 0 |
Alias Born | 04/05/2009 |
Tuesday, October 28, 2014 10:53:38 AM
Commerzbank shares have climbed as much as 9.5 per cent in initial trading after passing the European Central Bank's stress tests.
The results of the ECB's far-ranging probe into the health of eurozone banks were publicised over the weekend.
While 25 smaller banks failed the stress test, Commerzbank - one of Germany's biggest banks - passed comfortably, with a core capital ratio of 8 per cent even in the adverse scenario, compared to the 5.5 per cent hurdle.
The test only ran to the end of last year, and in a statement Commerzbank said it had further improved its capital ratio since then.
Martin Blessing, the German lender's chief executive, said:
The good result of the comprehensive assessment by the ECB is testimony to the successful reorganisation of Commerzbank in the past years and to the strength of our client-centric business model. In this respect the stress test has clearly confirmed the stability and stress resilience of the bank. The strategic orientation is correct; the implementation of the measures from our agenda through to 2016 is proceeding successfully and to schedule.
http://www.ft.com/intl/fastft/226502/commerzbank-climbs-on-ecb-stress-test-pass
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
Recent CRZBY News
- Commerzbank Gets Cyptocurrency Custody Licence • Dow Jones News • 11/15/2023 12:57:00 PM
Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • BLO • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM