The head of Commerzbank will reveal today that the bank's return on equity target will not be affected by the debt crisis despite the German bank setting aside €550m ($770m) to cover its credit positions.

Klaus-Peter Mueller, chairman of the board of Commerzbank, will tell investors in Frankfurt today that the bank's return on equity target will remain above 12% this year despite the recent market turmoil. Mueller will add that the €550m that the bank has set aside is less than originally expected.