Operator

Hello, and welcome to the Commerzbank AG conference call regarding the first quarter results 2026. Please note that this call is being transmitted as well as recorded by audio webcast and will subsequently be made available for replay in the Internet.

[Operator Instructions]

The floor will be open for questions following Bettina Orlopp and Carsten Schmitt's presentation.

Let me now turn the floor over to our CEO, Bettina Orlopp.

Bettina Orlopp
CEO & Chairwoman of the Board of Managing Directors

Good morning, everyone, and welcome to our earnings call. Carsten and I are pleased to present the results of a very good start to the year for Commerzbank. We have delivered a record quarterly profit, which gives us the confidence to raise our outlook for 2026 and to present an even more ambitious strategic path towards 2030. Our message today is clear. With momentum, we are delivering on our promises, and with Momentum 2030, we are accelerating our transformation to deliver higher profitability faster. Let's start with a summary of the key figures for the quarter. We increased our revenues to EUR 3.2 billion and delivered a record net result of EUR 913 million. The