FRANKFURT -(Dow Jones)- Germany's Deutsche Bank AG (DB) won't complete its acquisition of ABN Amro's commercial banking assets in the Netherlands this year, a top executive from the bank said Monday.
"Closing won't happen this year," Juergen Fitschen, management board member and head of regional management at Deutsche Bank, said at a conference in Frankfurt.
Deutsche Bank, Germany's largest bank by market capitalization, reached a preliminary agreement last week with the Dutch Finance Ministry to acquire parts of state-owned ABN Amro's commercial-banking operations.
Company Web site: www.db.com
-By Madeleine Nissen; Dow Jones Newswires; +49 69 29 725 515; william.launder@dowjones.com