Germany's Commerzbank posts 4Q euro316 million profit February 23, 2012 - 11:19 AMT PanARMENIAN.Net - Germany's Commerzbank is showing a fourth-quarter profit of euro316 million ($418 million) after the bank cut costs and had fewer bad loans. The result improves on profit of euro257 million in the same quarter a year ago. And it's far better than the euro687 million loss recorded in the third quarter when the company had large writeoffs for Greek government bonds. The Frankfurt-based bank reduced its operating costs to euro1.77 billion from euro2.16 billion a year earlier. Bad loans fell to euro381 million from euro595 million, The Associated Press reported.  Top stories Armenian delegation headed by Prime Minister Tigran Sargsyan will pay a two-day working visit to Ashgabat. Hrachya Berberyan: apricot harvest will make 25 and 10-12 thous. tons in Ararat and Armavir provinces respectively Any decisions were postponed until the end of next month after French and Greek parliamentary elections on June 17. Armenian Prime Minister met with the head of International Fund for Agricultural Development Programs in Armenia.   |  Latest news Over 100 trespassers detained in Armenia in January-May  Russian border guards seized 50 firearms, bladed weapons and 300 thous. rubles worth contraband in January-May.Conference participants at Institute of CIS States back Artsakh’s stance The NKR was represented at the round table by Advisers to Foreign Minister Ruben Zargarian and Arsen Melik-Shakhnazarian.Shoushi liberation anniversary celebrated in France Armenian ambassador to France Vigen Chitechyan answered Armenian foreign and domestic policy related questions.Armenian ambassador to China participates in ESCAP meeting Armen Sargsyan participated in meeting of UN Economic and Social Commission for Asia and the Pacific in Bangkok. |
