Commerzbank CFO Engels on Cutting Targets, Brexit, M&A

Commerzbank CFO Engels on Cutting Targets, Brexit, M&A

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Business

University

Hard

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The CFO of Commerce Bank discusses the positive aspects of the bank's earnings report, including customer growth and net interest income. Challenges such as negative interest rates and adjustments to revenue targets are addressed. The bank's digitalization strategy involves internalizing projects to enhance agility. Economic conditions in Germany and potential consolidation with Deutsche Bank are considered. The impact of Brexit on operations and strategies for attracting talent are also discussed.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was highlighted as the best part of Commerce Bank's earnings report?

Customer satisfaction

Net interest income

Loan book growth

Market share increase

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did Commerce Bank have to adjust its revenue targets?

Regulatory changes

Technological advancements

Prolonged negative interest rates

Increased competition

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy is Commerce Bank adopting to become more agile?

Outsourcing more projects

Increasing headcount

Swapping project costs into full-time employees

Reducing digital initiatives

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main challenge in achieving competitive returns in Germany according to the CFO?

Political instability

Lack of skilled workforce

Negative interest rates

High inflation rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Commerce Bank plan to handle the potential impact of Brexit?

Merge with a UK bank

Relocate all operations to Germany

Cease operations in the UK

Serve UK customers with the London team

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the focus of Commerce Bank's talent strategy?

Offering high salaries

Creating an agile work environment

Providing share options

Increasing vacation days

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the CFO's stance on the potential merger with Deutsche Bank?

Opposes it

Strongly supports it

Has not considered it

Focuses on current facts and avoids speculation