Commerzbank expects to lose 1.7 million customers by 2024

Berlin The CommerzbankAccording to a media report, management expects to lose 1.7 million customers by 2024 in the course of the planned corporate restructuring. “Welt am Sonntag” reports that with reference to the bank’s environment. The bank lost around 300 million euros in income due to the departure of customers by 2024. This should be offset by credit growth and more business with corporate and business customers as well as very wealthy private customers. Business with new customers should also help. The bank itself did not want to comment.

In 2020, the bottom line for the financial house was a loss of 2.9 billion euros after a profit of 585 million euros in the previous year due to renovation costs, goodwill amortization and a significantly increased risk provision for bad loans. The operating loss was 233 million euros. The new Commerzbank boss Manfred Knof wants to be in the black again this year. Despite the burdens of the corona crisis, the operating result should be positive in 2021, and then rise to 2.7 billion euros in three years. By the beginning of May, he wants to have a social plan for the reduction of 10,000 jobs in dry cloths.

More: Commerzbank cuts employee bonuses – more branch closings conceivable

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