Commerzbank to write off 1.5 billion euros in goodwill, increases risk provisions

Commerzbank to write off 1.5 billion euros in goodwill, increases risk provisions

© Reuters.  © Reuters.

FRANKFURT (Reuters) – Commerzbank (DE:CBKG) said on Friday it would write off existing goodwill of 1.5 billion euros ($1.84 billion) and also increased its risk provisions related to the coronavirus pandemic.

($1 = 0.8169 euros)

Original Article

Leave a comment

Send a Comment

Your email address will not be published. Required fields are marked *