FRANKFURT May 9 Commerzbank posted a
28 percent rise in first-quarter net earnings in the first
quarter, benefiting from a positive one-off effect in its
The 217 million-euro ($237 million) net profit of Germany's
second-largest listed lender after Deutsche Bank was
ahead of analysts' expectations for 107 million euro
Commerzbank said it aimed to keep its cost base stable and
book the first part of restructuring charges this year, with
stable loan loss provisions in its core business.
"It is clear that it will take some time for our growth to
be sufficient to significantly outweigh the burden resulting
from the negative interest rate environment", Chief Executive
Martin Zielke said in a statement on Tuesday.
($1 = 0.9151 euros)
(Reporting by Arno Schuetze; Editing by Maria Sheahan)