Commerz makes capital progress

19 Jan 2012

Commerzbank on Thursday reiterated that it would not need additional state aid to meet a 9% European Banking Authority core capital target by the end of June and again indicated that it would meet the requirement without tapping shareholders.

While some analysts have been sceptical that banks can profitably all reduce risk weighted assets at the same time, Commerz achieved a €17bn reduction in the fourth quarter and is targeting a further €17bn in the first half of 2012.

In its October 2011 stress test of European banks, ...

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