CRZBY - Commerzbank meets profit criteria to join DAX Germany index

January, 30 2023 10:46 AM Commerzbank AG ADR New

Commerzbank ( OTCPK:CRZBF ) ( OTCPK:CRZBY ) has satisfied a profit requirement to become a member of the DAX Germany index ( DAX:IND ), which is comprised of the 40 major blue-chip firms trading on the Frankfurt Stock Exchange, it said Monday in a release.
The German lender, which was kicked out of the DAX index ( DAX:IND ) in 2018, posted EBITDA of €3,371M (US$3.66B) in 2022. That marked the second straight year in which the bank turned in positive EBITDA.
"We have decided to disclose Commerzbank's EBITDA for the 2022 year already now, in order to enable Deutsche Börse Group to consider us as a successor candidate for Linde in the DAX 40," said Commerzbank CFO Bettina Orlopp.
The bank is set to publish its 2022 results on Feb. 16.
See how Commerzbank fared during the third quarter .

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