Commerzbank CFO Orlopp on Revenue, Rates, Bonuses

The transcript discusses Commerzbank's strong financial performance in 2021 and its positive outlook for 2022, driven by cost reduction and revenue growth. It highlights the impact of interest rate changes on revenue, particularly in the ECB area and Poland. Wage negotiations in Germany are ongoing, with cost management being a priority. The bank is also addressing geopolitical risks, with limited exposure to Russia and plans to exit Hong Kong, moving operations to Singapore and Shanghai.

What assumptions are being made regarding the financial outlook for 2022?

How did the performance in 2021 influence expectations for the following year?

What impact do interest rate increases in Poland have on revenue projections?

What strategies are in place to address wage negotiations with the Union in Germany?

How is the bank planning to manage costs in light of inflation?

What are the implications of the geopolitical situation on the bank's operations?

What changes are being made regarding the bank's operations in Hong Kong?