Daybreak Europe Open: Siemens to End Russian Business

The video discusses financial updates from Allianz, Siemens, and Commerce Bank. Allianz reports a 2022 operating profit of 13.4 billion, despite recent litigation provisions. Siemens plans to wind down its Russia business, incurring a €600 million charge, but confirms its full-year sales targets. Commerce Bank's loan loss provisions have more than doubled estimates, yet it maintains its full-year targets and capital buffers.

What are the confirmed full year targets for Commerce Bank?

What was the market's expectation for operating profit at Commerce Bank?