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Commerzbank Q3 Net Loss Widens To Euro1.06 Billion
GEORGE FREY
FRANKFURT (AP) — Germany's Commerzbank AG on Thursday confirmed its net loss widened in the third quarter due to higher provisions for bad loans and as it continued to restructure in the wake of the financial crisis.
Commerzbank, based in Frankfurt, said it lost euro1.06 billion ($1.6 billion) in the July-September period, nearly four times the euro285 million it lost in the third quarter of 2008.
However, net interest income, one measure of revenue, rose 46 percent to euro1.77 billion from euro1.21 billion. ...
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