Commerzbank AG / Statement
26.02.2009
Release of a UK Regulatory Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
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Martin Blessing, Chairman of the Board of Managing Directors
of Commerzbank and Chief Executive Officer of Dresdner Bank,
commenting on the 2008 results of Dresdner Bank, which were announced
today:
'Commerzbank closed the Dresdner Bank acquisition in January. The strategic
logic of the takeover is and remains intact. We are building the leading
bank for private and corporate customers in Germany.
Furthermore the takeover is in the best interests of our economy's future
and thus in all of our interests. Markets are challenging; but now the
decisions are to be made whether we have the banks that our economy needs,
both during and after the crisis.
Dresdner Bank's billions of losses over the past year distract from the
fact that the private and corporate customers business and important parts
of the investment banking activities of Dresdner Bank are fundamentally
healthy.
However, certain parts of the investment bank Dresdner Kleinwort have
caused problems. These problem areas will rigorously and systematically be
reduced as quickly as possible. We have already been successfully through a
comparable process of change once before at Commerzbank.
The crisis persists and we still have a difficult road to travel, but we
are sure the new Commerzbank will prevail as a growing and strongly
profitable bank.'
Contact:
Commerzbank AG
Group Communications
Tel.: +49 69 136 - 22830
mediarelations@commerzbank.com
DGAP 26.02.2009
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Language: English
Issuer: Commerzbank AG
Kaiserplatz
60261 Frankfurt am Main
Deutschland
Phone: +49 (069) 136 20
Fax: -
E-mail: ir@commerzbank.com
Internet: www.commerzbank.de
ISIN: DE0008032004
Indices: DAX, CDAX, HDAX, PRIMEALL
Listed: Regulierter Markt in Berlin, Frankfurt (Prime
Standard), Hannover, München, Hamburg, Düsseldorf,
Stuttgart; Terminbörse EUREX; Foreign Exchange(s)
London, SWX
Category Code: MSC
LSE Ticker: CZB
Sequence Number: 104
Time of Receipt: Feb 26, 2009 07:32:05
End of News DGAP News-Service
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DGAP-UK-Regulatory: Commerzbank AG:
| Source: EQS Group AG