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.
But in its 2022 results, published in mid February, Commerzbank’s net profit tripled to €1.4
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