February 22, 2010
Pre-announcement from Commerzbank regarding Q4 2009 reporting
In the framework of the acquisition of Dresdner Bank and the strategic reorientation along the 'Roadmap 2012' Commerzbank has in the past year consistently implemented its strategy of focusing on client-centric business and de-risking.
Against the background of difficult markets, above all the further de-risking and especially derecognition of monoline exposures led to a negative trading result of EUR 561 million in Q4 2009. Essentially affected by this were the Portfolio Restructuring Unit (PRU) and Corporates & Markets.
The net profit in a typically seasonally weak fourth quarter was minus EUR 1.6 billion.
