Commerzbank Fulfills Key Criteria for DAX Membership

Commerzbank of Germany said on Monday that it has satisfied major earnings requirements to join Germany's benchmark DAX index of blue-chip companies.

Commerzbank, which is still partly controlled by the German government after a rescue more than a decade ago, was kicked from the DAX in 2018.

The bank said that its profits before interest, taxes, depreciation, and amortization (EBITDA) in 2022 were 3.371 billion euros ($3.66 billion), meeting the DAX's profit standards for the second year in a row.

Commerzbank Chief Financial Officer Bettina Orlopp said that the firm opted to release the statistic “in order for Deutsche Boerse Group to evaluate us as a succession contender” in the DAX.

The index's compiler, Deutsche Boerse, said earlier this month that Linde would be exiting the DAX and that a replacement will be announced on February 17.

On February 16, Commerzbank will release its full-year profits.

($1 = 0.9211 euros)

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