Commerzbank CFO Says Ingredients of Strategy Are Working

The transcript discusses Commerzbank's performance, highlighting a beat in expectations and growth strategies. Concerns are raised about growth from non-core assets, while the bank aims to reach a revenue target of €9.8 billion by 2020. Challenges in Germany's competitive market are noted, with a focus on balancing growth and profitability. Customer acquisition goals are set, despite slower growth in the first half of the year. The bank's strategy emphasizes digitalization and efficiency, with cost management being a key focus amidst regulatory challenges.

What was a major concern for analysts regarding Commerzbank's growth?

• Growth from core assets

• Lack of growth in the PSPC sector

• Excessive growth in retail banking

• Growth from non-core assets

What is Commerzbank's revenue target for 2020?

• €10.5 billion

• €9.8 billion

• €11.2 billion

• €8.5 billion

Which external event was mentioned as affecting Commerzbank's customer growth?

• Brexit

• The Soccer World Championship

• The German elections

• The US-China trade war

What challenge is Commerzbank facing in the German market?

• Regulatory hurdles

• Fierce price competition

• High customer acquisition costs

• Lack of digital infrastructure

What is a key focus of Commerzbank's future strategy?

• Acquiring smaller banks

• Digitalization and cost reduction

• Increasing personnel

• Expanding physical branches

How does Commerzbank plan to manage costs according to the final section?

• By expanding into new markets

• By streamlining processes and reducing personnel

• By reducing digitalization efforts

• By increasing bank levies

What is the expected outcome of Commerzbank's digitalization efforts?

• Reduced costs and increased efficiency

• Decreased customer satisfaction

• Increased regulatory costs

• Higher personnel numbers