Commerzbank AG saw its bill from the subprime crisis creep up towards 800-million euros (C$1.2-billion) in 2007 and warned that it could get worse, taking the shine off a record profit.
Falling provisions for bad debts helped Germany's second-biggest listed bank raise net profit 19 percent to 1.9-billion euros last year, broadly in line with what the market expected.
The lender's problems with its 1.2-billion euro portfolio of subprime-linked investments cast a shadow over the results and chief Klaus-Peter Mueller's last year with the bank before he moves into the role of non-executive chairman in May.
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