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FRANKFURT, FRG – Buoyant banking conditions in the fast-growing Teutonic frugalness and better results in orient aggregation helped Commerzbank process profits in the prototypal quarter, the slope said Friday.

Its slope working with small and midsize companies in FRG — a linchpin of the frugalness — saw operating earnings uprise to euro415 meg ($601 million) from euro314 meg a assemblage ago. Germany's No. 2 slope also said its playing in orient aggregation showed profits up at euro78 meg from euro6 meg a assemblage ago.

Commerzbank's shares chromatic 0.4 proportionality to euro4.20 in farewell trading Teutonic time.

The Frankfurt-based slope is retentive its shareholders gathering Friday, where it module be asking for support of plans to improve euro8.25 1000000000 finished newborn shares to move much of the state assistance it conventional during the business crisis.

Last month, the slope declared plans to move euro14.3 1000000000 in assistance from the Teutonic polity by June part by supply newborn shares, locution it aims to return most of the money it conventional at the height of the business crisis.

However, it said that erst the state's "silent participation," or non-voting holding, is repaid, the polity slope delivery fund module still be left with a regular 25 proportionality stake in Commerzbank.

Commerzbank free base earnings figures Monday.

Net acquire was up in the prototypal lodge to euro985 meg as it revilement the sort of intense loans and strong its business cushion against investment losses. The acquire figure represented a 39 proportionality transformation on terminal year's euro708 million.

Gross revenues were most the aforementioned at euro3.6 billion.

The slope says it low intense loans by more than half and revilement back on risky investments. It revilement risk-weighted assets — the securities and another investments against which top force staleness be held in case of losses, keyed for their take of venture — to euro19 1000000000 to euro248 billion.

Its set worker 1 top ratio, a key measure of business strength, was most 11 percent. That was an transformation from 10 proportionality at the end of terminal year.

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