Commerzbank (ETR:CBK) Chief Executive Bettina Orlopp said the German lender’s updated “Momentum 2030” strategy is built on continued revenue growth, lower costs and efficiency gains from artificial intelligence, while reiterating that the bank sees UniCredit’s current takeover offer as unattractive.
Speaking at a Goldman Sachs financial institutions event alongside Christoph Wortig, Commerzbank’s head of investor relations, Orlopp said the bank’s May strategy update followed what she described as a “very successful year” and a continued improvement in profitability. She said the plan is based on a robust business model, growth in net interest income and net commission income, and ongoing transformation of the cost base.
