Germany's second biggest banking group Commerzbank says its second quarter earnings has increase majorly by a push-up of higher revenue and a lower tax bill.
From April to June the bank made a net profit of 280 million euros against 100 million euros in the first quarter.
Frankfurt-based Commerzbank said its gross profits more than doubled to 646 million euros, with a 15.5 per cent rise in turnover to 5.2 billion euros.
"The substantial improvement in our operating income in the first quarter is a clear sign of the turnaround success of Commerzbank," as states the bank's chairman Martin Blessing
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