AOL.com Video - Commerzbank Predicts Tough 2013

VIDEO:News

Commerzbank Predicts Tough 2013

Description:Commerzbank says it will set aside more money for bad loans in 2013, as the economic environment gets worse. Germany's second biggest lender has increased its loan loss provisions from almost 1.4 billion euros to 1.7 billion. Earlier this month, the bank posted a slump in 2012 net profit. Martin Blessing, the bank's CEO, asked investors to be patient. (1:11)

Source: Reuters

Tags: reuters , commerzbank , Martin Blessing