Commerzbank to shrink CRE loan book to €8bn by end of 2016

Commerzbank plans to sell another €6.5bn of commercial real estate debt by the end of next year after reducing its loan book by 17% this week. The German bank will begin further reductions next year to its current €14.5bn commercial property loan book and expects to have it down to about €8bn by the end of 2016.