CRZBF - Commerzbank AG (CRZBF) CEO Manfred Knof on Q4 2021 Results - Earnings Call Transcript

Commerzbank AG (CRZBF) Q4 2021 Earnings Conference Call February 17, 2022 3:00 AM ET Company Participants Manfred Knof - Chief Executive Officer Bettina Orlopp - Deputy Chairwoman and Chief Financial Officer Conference Call Participants Benjamin Goy - Deutsche Bank Izabel Dobreva - Morgan Stanley Stuart Graham - Autonomous Research Johannes Thormann - HSBC Nicholas Herman - Citigroup Kian Abouhossein - JPMorgan Tobias Lukesch - Kepler Cheuvreux Jeremy Sigee - BNP Paribas Presentation Manfred Knof Good morning, and welcome to our earnings call for Q4 and the full year 2021. The first year of our transformation and my first year as CEO of Commerzbank turned out better than expected. We have delivered. We have achieved a positive net result despite extraordinary burdens of almost €2 billion. Thus, we have digested the necessary restructuring charges for our transformation without eating into capital. The execution of our strategy is progressing well. We have

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Commerzbank AG (CRZBF) CEO Manfred Knof on Q4 2021 Results - Earnings Call Transcript