Germany-headquartered Commerzbank has doubled its profits in the second quarter compared to the same period last year.
Net income for the three months to end June increased by 148% to 100m ($134m).
The debt market affected Commerzbank slightly harder than its peers due to its larger presence in Europe than the US. Its common equity tier one ratio, a regulatory measure of strength, increased by 0.4% to 9%, but this was still weak compared to peers.
Stefan Engels, chief financial officer at Commerzbank, said: "We have significantly increased new customers as well as business volumes, we have again increased our loan volume to the German Mittelstand and the new growth strategies have improved revenues in the core bank."
Loan loss provisions in the core bank were the same as Q2 last year, at 192m, for the large part due to its Mittelsand arm, which lends to German corporate clients.
The lender said in June it had shed more than 5bn in property loans in Spain, Portugal and Japan.
"All in all, it shows that we are on the right track," Engels said.
Commerzbank is one of 128 lenders in the Eurozone included in the European Central Bank’s asset quality review and stress tests, 2014.