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 Commerzbank Statement on the Publication of EBA- Commerzbank Statement on the Publication of EBA
- November 01, 2011
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As of end of June 2011 Commerzbank’s Core Tier 1 ratio amounted to 9.9%. “We welcome the fact that the markets now have clarity with respect to the requirements put into place by EBA from mid-2012 onwards.
Banks thus have the possibility to adopt measures at an early stage so as to reach the 9% Core Tier 1 ratio required by EBA,” said Eric Strutz, CFO of Commerzbank. For Commerzbank EBA calculated a sum of EUR 2.938 billion in its scenario. “We can reach the required ratio by means of a reduction in risk-weighted assets in non-core areas, the sale of non-strategic assets or retained earnings, for example. One thing goes without saying: We do not intend to make use of public funds,” said Eric Strut...
- View more at: http://www.1888pressrelease.com/commerzbank-statement-on-the-publication-of-eba-pr-346786.html
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