Commerzbank to sell non-performing Spanish loans

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Source: Bloomberg
Commerzbank AG, the second biggest bank in Germany, said on Thursday that it sold non-performing mortgages in Spain with a total amount of 710 million euro, as the bank wants to decrease risky assets by 600 million euro and issue 20 million euro of new capital. Stock prices of Commerzbank AG are picking up 2.9% to 13.04 euro per share by 11:40 GMT in Frankfurt.
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