Daybreak Europe Open: Siemens to End Russian Business

The video discusses financial updates from Allianz, Siemens, and Commerce Bank. Allianz reports a 2022 operating profit of 13.4 billion, despite recent litigation provisions. Siemens plans to wind down its Russia business, incurring a €600 million charge, but confirms its full-year sales targets. Commerce Bank's loan loss provisions have more than doubled estimates, yet it maintains its full-year targets and capital buffers.

What was Allianz's operating profit for 2022?

• 15.4 billion

• 14.4 billion

• 13.4 billion

• 12.4 billion

What significant action did Siemens take regarding its Russia business?

• Increased investment

• Partnered with a local firm

• Wound down operations

• Expanded operations

How much was Siemens' charge related to winding down its Russia business?

• €800 million

• €700 million

• €600 million

• €500 million

What was the estimated loan loss provision for Commerce Bank?

• 500 million

• 464 million

• 300 million

• 204 million

What was Commerce Bank's core equity tier one capital buffer?

• 14.0%

• 12.5%

• 13.0%

• 13.5%