Strutz

Last month Eric Strutz, Commerzbank's chief financial officer, said the bank's Tier 1 capital ratio was 9.9% at the end of June.

Fear of financial shock at post-Lehmans high 2011

Presenting third quarter results, Strutz said: "One thing goes without saying: We do not intend to make use of public funds."

Fear of financial shock at post-Lehmans high 2011

Wednesday, the bank said it intends to pay a significant amount this year, and Chief Financial Officer Eric Strutz told analysts he would consider a 10% repayment to be significant.

Commerzbank to Repay Aid Early William Launder 2011

Chief Financial Officer Eric Strutz said the bank clearly doesn't "intend to make use of public funds."

Commerzbank, Deutsche Bank Say Capital Needs Limited Eyk Henning 2011

Mr. Strutz wouldn't explain what he meant by "significant" but did say it would be at least 10%.

In This Cycle, M&A is Lagging 2011

Mr. Strutz said Commerzbank was focused on downsizing Eurohypo in order to make a sale of the unit more palatable to investors ahead of a 2014 deadline from the European Commission to sell the business.

Commerzbank to Repay Aid Early William Launder 2011

"We stand by our intention not to make use of additional public funds," finance chief Eric Strutz said.

EU Tells Lenders to Bulk Up Capital Cushions David Enrich 2011

"Given a stable market environment, the bank continues to expect that it will conclude 2011 with an operating profit ... that is significantly higher than in 2010," said Chief Financial Officer Eric Strutz .

Commerzbank Confirms Earnings Ulrike Dauer 2011

Despite Mr. Strutz's comments, Commerzbank is widely expected to pursue additional capital-raising measures this year to boost its regulatory capital as well as to repay the state aid.

Commerzbank to Repay Aid Early William Launder 2011

But last week, Chief Financial Officer Eric Strutz insisted the bank would pay back a significant part of the €16.4 billion $22.9 billion it took as state aid.

In This Cycle, M&A is Lagging 2011