FRANKFURT Feb 13 Commerzbank wants to
ensure its capital position is solid before paying out any net
profit to shareholders as a dividend, its chief executive said
"We first want to have the capital situation at the bank as
comfortable as possible before we pay out a dividend," Martin
Blessing told a news conference on the lender's 2013 results.
Earlier on Thursday, Germany's second biggest bank dampened
any hope it might pay a dividend for its 2014 financial year,
though few analysts had expected one anyway.
Blessing also told the news conference that variable
compensation paid to staff for 2013 would be slightly higher
than in 2012.
(Reporting by Thomas Atkins and Arno Schuetze; Writing by
Jonathan Gould; Editing by Victoria Bryan)