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Commerzbank's corporate business continues to shrink


FRANKFURT: A key business at Commerzbank AG that caters to corporate clients shrank for at least the fifth straight quarter as low interest rates and increasing competition squeezed margins.

Revenue in the segment fell 12% from a year earlier, to 966 million euros, as income from lending and commissions declined, Frankfurt-based Commerzbank said.

Commerz , shrink , interest , rate

   

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