FRANKFURT, June 23 (Reuters) – Germany’s Commerzbank (CBKG.DE) said on Friday that it would book another provision of 342 million euros ($372.27 million) following a court ruling on how banks treat Swiss franc loans in Poland.
The new figure means that Commerzbank, which has extensive operations in Poland through its mBank (MBK.WA), has provisioned or made payouts of more than 2 billion euros to deal with the issue. It had already warned that further provisions were likely.
The bank said the figure would impact its second-quarter earnings but that it still expects a 2023 net profit
Commerzbank to book further provision for mBank after court ruling
