
(ANSA-AFP) - FRANKFURT AM MAIN, FEB 16 - Germany's second-largest lender Commerzbank said Thursday its net profit tripled in 2022 as the bank prepares for reentry into the Frankfurt Stock Exchange's blue-chip DAX index. The group said it made a bottom-line profit of 1.44 billion euros ($1.54 billion) in 2022, up from 430 million euros the previous year. The result showed Commerzbank's "turnaround is a success" after years of poor performance and restructuring efforts, CEO Manfred Knof said in a statement. Commerzbank, like its German rival Deutsche Bank, remained in the black last year despite the impact of the Russian invasion of Ukraine and one-off impacts linked to its Polish subsidiary. With a second straight year of positive results, the lender looks likely to return to the DAX, the Frankfurt Stock Exchange's index of the 40 top listed companies in Germany. Commerzbank was kicked out of the elite club in the second half of 2018 and a decision on its return is expected to be announced by stock exchange operator Deutsche Boerse on Friday. (ANSA-AFP).