FRANKFURT, Jan 30 Reuters Germany39;s Commerzbank said on Monday that it met an important profit criteria to join Germany39;s benchmark DAX index of bluechip stocks.

Commerzbank, still partially owned by the German government after a bailout more than a decade ago, was expelled from the DAX index in 2018.

The bank said its earnings before interest, taxes, depreciation and amortization EBITDA were 3.371 billion euros 3.66 billion in 2022, coming in at a positive figure for a second consecutive year to meet the DAX39;s profit criteria.

Bettina Orlopp, Chief Financial Officer of Commerzbank, said the lender decided to disclose the figure in order to enable Deutsche Boerse Group to consider us as a successor candidate in the DAX.

Deutsche Boerse, which compiles the index, said earlier this month that Linde would be leaving the DAX and that it would announce a successor on Feb. 17.

Commerzbank is due to publish its fullyear earnings on Feb. 16.

1 0.9211 euros

Reporting by Tom Sims and Marta Orosz; Editing by Maria Sheahan Editing by Miranda Murray

Source Reuters