Commerzbanks's shipping retreat in full swing

Developments at Commerzbank are going according to plan, and the bank's exit from shipping is in full swing, according to the bank's interim report for the 3rd quarter. The report shows that the bank has managed to reduce its shipping portfolio by 1 billion euros, 6 percent, down to 16 billion euros, which means that the bank's set goal of reaching a 14 billion shipping portfolio by 2016 is already within reach.
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