Germany's second largest lender Commerzbank announced third-quarter profits of €113m today, below expectations but up from a €1.05 billion 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 profit over the first nine months.
Analysts had forecast third quarter profits of €172m for the bank.
