Commerzbank's BRE sees much higher provisions in 2009

Poland's No. 3 lender BRE Bank BREP.WA expects its provisions to grow significantly this year as worsening economic conditions weigh on its corporate clients, management board member Wieslaw Thor said on Tuesday.

Last year, provisions at Commerzbank's (CBKG.DE) Polish unit stood at 269 million zlotys ($77.4 million).
Source: By Piotr Skolimowski, Chris Borowski
reuters.com