Financials
Dresdner drags Commerzbank into red
Friday, 27 March 2009 08:57Germany's second biggest bank, Commerzbank, has reported a 2008 net loss of €6.6 billion, including its recently acquired Dresdner Bank business.
Commerzbank had posted a net profit of €3m in February but that figure did not include results from Dresdner, a bank bought from the insurance group Allianz for €4.7 billion.
Commerzbank waited until it published its annual report to present results which included Dresdner.
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'The overriding theme of 2009 will be the integration of Dresdner Bank,' Commerzbank said.
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