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FRANKFURT, March 28: Commerzbank, Germany’s second biggest bank, confirmed on Friday its 2008 earnings targets despite ongoing financial market turbulence sparked by the US subprime home loan crisis.
Commerzbank said in its annual report it expected to match its performance of last year, when it posted a record net profit of 1.9 billion euros, if market conditions permitted.
At the same time, it said it could not rule out the possibility that further asset write-downs would be booked this year.
—AFP
