Commerzbank AG (CBK.XE), Germany's second-largest bank by market capitalization, Friday released restated earnings figures for 2008 including the contribution from newly-acquired Dresdner Bank, which it bought from Allianz SE (AZ).

Based on the closing date of the acquisition Jan. 12, the "new Commerzbank," including Dresdner, booked a net loss of EUR6.57 billion for 2008.

The merged bank's restated operating loss for 2008 was EUR5.45 billion, its trading loss was at EUR4.68 billion, and restructuring costs amounted to EUR9.17 billion.

Commerzbank said that in accordance with IFRS 3, all of Dresdner Bank's assets and liabilities are stated with their fair value at closing. The balance is offset against Dresdner Bank's equity capital, or purchase price allocation.

The 'pro-forma' accounts also take into account the business relations between the two companies, changes in consolidated entities - full consolidation of Schiffsbank, sale of Cominvest and Oldenburgische Landesbank - and the sale of a portfolio of collateralized debt obligations to Allianz.

As per closing, the purchase price for Dresdner Bank is around EUR4.7 billion, the bank said. This takes into account that the price is partially paid with new shares in Commerzbank. Based on the closing price of the Commerzbank share as at Jan. 12 of EUR4.56, the corresponding 163.5 million shares had a total value of approximately EUR700 million.

The equity capital of Dresdner Bank in the pro forma accounts totals around EUR3.9 billion, resulting in a goodwill of about EUR800 million.

The bank repeated that the core capital ratio (Tier 1) of the new Commerzbank in the 'pro-forma' accounts is about 10%.

Not accounting for the 2009 agreements with the Financial Market Stabilization Fund and Allianz, the core capital ratio (Tier 1) is around 7%, the bank said. Company Web site: www.commerzbank.com

-By Ulrike Dauer and William Launder, Dow Jones Newswires; +49 69 29725 500; ulrike.dauer@dowjones.com