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 were the analysts concerned about regarding the company's performance?

How did the company plan to achieve growth in the future?

What challenges did the company face in the German market?

What was the target for customer additions in the year, and how many were added in the first half?

What is the strategy of Commerzbank going forward?

How does the company plan to reduce costs while maintaining growth?

What factors contributed to the increase in costs for the bank?