Home News Commerzbank shares after speculation about the capital increase in deficit

Commerzbank shares after speculation about the capital increase in deficit


By Ulrike Dauer


FRANKFURT (Dow Jones) – With a high loss rate, the share of Commerzbank AG, on Wednesday morning on speculation about a Capital responding. The market has been suggested that the Frankfurt-based bank after the higher-than-expected loss in the fourth quarter of 2009, more Capital requires.

Up to 11.46 clock, the Commerzbank shares lost around 4% to 5.41 euros.

Commerzbank was contrary to the speculation on Wednesday afternoon and confirmed that they currently have no capital increase plane and see no need for further capital injections. According to the previous day had been following the publication of figures 2009 CFO Eric Strutz already expressed.

After the poor figures for the previous year as was-expected, analysts were more worried about the weak capital base of the bank.

UBS analysts who rate the book with a "Sell" noted on Wednesday that the capital structure, the priority theme is for Commerzbank. Analysts expect a core capital ratio (core Tier 1) of 2.8% in 2010. In it the silent contribution of the state were and related interest payments considered.

To achieve a core capital ratio of 7% – as a reasonable considered level – would have to repay the bank for the silent Raise deposit more than £ 12.2 billion to write the UBS analysts.

The "Handelsblatt", in its Wednesday edition reported, citing an investment banker at that Commerzbank her Raise capital this year by £ 3 billion could. The increase could take several small steps.

From the government was no comment available. A spokeswoman for the Financial Market Stabilization Fund (SoFFin) did not comment, they referred to the Commerzbank board.

Commerzbank was the state with a total of EUR 18.2 billion supported. Since then he holds 25% plus one share in the bank. The silent Contribution amounts to 16.4 billion euros. For the silent needs The bank is paying interest.

The institution that in 2008 the competitor Dresdner Bank had taken over, dismissed on Tuesday for the final quarter of 2009 Loss of 1.86 billion euros. For the full year, he was raised to 4.54 billion euros. For the integration of Dresdner Bank fell to EUR 1.9 billion cost. In This year there are likely to be another 2.5 billion.


- By Ulrike Dauer, Dow Jones Newswires;
+49 (0) 69 29725 103, unternehmen.de @ dowjones.com
(Natascha Divac and Hilde Arends have contributed to the report)

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(END) Dow Jones Newswires

February 24, 2010 06:03 ET (11:03 GMT)

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