Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Commerzbank Ready to Take Losses on Asset Sales, CEO Says

June 5 (Bloomberg) -- Commerzbank AG, Germany’s second-largest lender, said it is willing to take losses when selling assets as part of a plan to boost capital levels.

Commerzbank would be ready to take such losses if the sales released sufficient capital or helped the bank lower the funds it has to set aside for soured loans, Martin Blessing, the lender’s chief executive officer, said today in a speech to investors at a conference in New York.

Commerzbank is in “intense and advanced” talks to sell a portfolio of commercial real estate loans in the U.K., Blessing said without identifying potential buyers.

The lender is ready to take “a little bit more of a price hit” if it can sell whole portfolios in countries such as the U.K. to avoid the cost of firing the staff, Blessing said.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at

To contact the editor responsible for this story: Frank Connelly at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.