Commerzbank Warns of Inflation Struggle in Coming Years

Commerzbank AG warned it faces an increasingly uphill struggle to keep a lid on costs in the coming years because of rampant inflation.

“For this year, we think that we can really manage the inflation headwinds we see on the energy side but also on the salary side,” Chief Financial Officer Bettina Orlopp said on Bloomberg TV “Next years -- 2023, 2024 -- the story will be different, becoming more difficult.”