Commerzbank rides a return to form – and the DAX

After its DAX return, Commerzbank now has a clear – if uncertain – path to achieving its profit target, according to CFO Bettina Orlopp.

Higher rates, lower energy prices and cost cuts have propelled Commerzbank back into Germany’s DAX index this week.

In 2018, Germany’s second-biggest listed lender lost its place in the index to the now-defunct payments company Wirecard. That event came to symbolise the troubles of European and especially German banks, thanks to negative interest rates and the apparent rise of new fintech competitors.

Rumours later circulated about a potential takeover of Commerzbank, including a mooted merger with Deutsche Bank.

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