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Commerzbank confirms €1bn loss, sees setbacks

German bank Commerzbank confirmed on Thursday that it made a €1.055bn ($1.6bn) net loss for the third quarter, on costs related to integrating Dresdner Bank and write-downs at its troubled Eurohypo public finance unit.

Commerzbank has said the pro-forma net loss of €1.5bn it reported in May for the third quarter of 2008 wasn't comparable to the 2009 figure because of its new structure with the acquisition of Dresdner Bank.

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