Commerzbank says it will repay to the German government €14.3 billion ($20.51 billion) of the €16.3 billion ($23.38 billion) it received in rescue funds in 2009. The German lender also said it plans to raise €8.25 billion ($11.83 billion) in a share offering no later than June. The additional funds may be necessary since new banking regulations may not permit banks to count government aid as part of its capital reserves. It said it expects to achieve a core Tier 1 ratio 8.8% by the time it completes its fund-raising efforts.

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