Commerzbank posted net profits of € ##2 m ( $ 222 m ) for 2016 , better than analysts predictions of € 222 m , but still more than 74 % lower than the previous year . The country 's second - largest lender recorded an annual profit of € 1.4bn , 28 % down on 2015 , while revenues lost just 4.0 % at € 9.4bn , and core capital ratio increased from 12.0 % to 12.3 % . Chief economist Martin Zielke said the results were " not satisfactory " , and blamed deep restructuring for the decline in revenue . Commerzbank faces further tough times with low interest rates and increasing transparency in the digital sector .
Commerzbank posted net profits of €279m ($298m) for 2016, better than analysts predictions of €222m, but still more than 74% lower than the previous year. The country's second-largest lender recorded an operating profit of €1.4bn, 28% down on 2015, while revenues lost just 4.0% at €9.4bn, and core capital ratio increased from 12.0% to 12.3%. Chief executive Martin Zielke said the results were "not satisfactory", and blamed deep restructuring for the reduction in revenue. Commerzbank faces further tough times with low interest rates and increased competition in the digital sector.