FRANKFURT (Reuters) - Commerzbank's net profit in the first quarter rose 124%, figures on Thursday showed, despite increased provisions and writedowns as a result of the Russia-Ukraine conflict.
Net profit was 298 million euros ($313.14 million)in the quarter, higher than the 284 million euros it had announced in preliminary earnings. That is up from 133 million euros a year ago.
It said it confirmed its full-year net profit target of more than 1 billion euros.
($1 = 0.9517 euros)
(Reporting by Tom Sims and Frank Siebelt, editing by Kirsti Knolle)