Commerzbank posts 113 million euros profit in third quarter

8th November 2010, Comments 0 comments

Germany's second largest lender Commerzbank announced third-quarter profits of 113 million euros (158 million dollars) on Monday, below expectations but up from a 1.05 billion euros loss last year.

The bank said that despite an expected slowdown in the fourth quarter it was aiming at ending with "at least a billion euros" in net profit for the whole year, after collecting 1.2 billion euros profit over the first nne months.

Analysts polled by Dow Jones Newswires had forecast third quarter profit of 172 million euros for the bank.

© 2010 AFP

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