Germany's Commerzbank back in profit

6th May 2010, Comments 0 comments

Germany's Commerzbank, hard hit by the financial crisis, reported Thursday its first profit since the second quarter of 2008, saying the result far exceeded expectations.

The first quarter profit stood at 708 million euros, against a loss of 864 million for the first quarter last year, the company said. Analysts had forecast profit of 435 million dollars for Germany's second largest bank.

© 2010 AFP

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