| Home | November 2011News | Commerzbank: Net result at minus EUR 687 m in the third quarter of 2011 |
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 Commerzbank: Net result at minus EUR 687 m in the third quarter of 2011- Commerzbank: Net result at minus EUR 687 m in the third quarter of 2011
- November 07, 2011
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Commerzbank closed the third quarter of 2011 with a net result attributable to Commerzbank shareholders of minus EUR 687 million and an operating result of minus EUR 855 million.
The Core Bank, with the operating segments Private Customers, Mittelstandsbank, Central & Eastern Europe, as well as Corporates & Markets, saw a gratifying development with an operating profit of EUR 851 million (third quarter of 2010: EUR 205 million) despite the ongoing sovereign debt crisis. In the Asset Based Finance segment an additional impairment of EUR 798 million on Greek sovereign bonds was booked as of September 30, 2011. With a view to the ongoing uncertainty regarding Greece's finan...
- View more at: http://www.1888pressrelease.com/commerzbank-net-result-at-minus-eur-687-m-in-the-third-quar-pr-348242.html
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