February 9, 2017 / 6:17 AM / 8 months ago

Commerzbank posts flat Q4 earnings, aims for stable costs in 2017

FRANKFURT, Feb 9 (Reuters) - Commerzbank reported flat revenues and earnings for the fourth quarter on Thursday, hit by the impact of low interest rates coupled with weak loan demand from German companies.

The 183 million-euro ($195.5 million) net profit of Germany’s second-largest lender after Deutsche Bank was, however, ahead of analysts’ expectations for 154 million euro euros.

Commerzbank stopped short of giving an earnings outlook for 2017 but said that it aims to keep its cost base stable and expects loan loss provisions for its retail and corporate bank to remain stable.

$1 = 0.9362 euros Reporting by Arno Schuetze; Editing by Maria Sheahan

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