FRANKFURT (dpa-AFX) - Commerzbank (CRZBY.PK) said the company expects to fully write off the existing goodwill of around 1.5 billion euros and a negative risk result of at least 1.7 billion euros in the financial year 2020. The company noted that the anticipated negative risk result of at least 1.7 billion euros includes a top-level adjustment of around 500 million euros for Corona related effects expected in 2021.
Commerzbank said the write-off of the existing goodwill has no effect on the regulatory capital ratio (CET1).
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