Commerzbank finances solid despite fickle Q2-paper

FRANKFURT, June 28 (Reuters) - Commerzbank (CBKG.DE: Quote, Profile, Research) has suffered setbacks in its operating business in June but the bank's finances are solid enough to do without further state aid, Chief Executive Martin Blessing told a German daily.

This month's slippage had been preceded by a calmer May, Blessing was quoted as saying in an interview with Handelsblatt provided to Reuters on Sunday before publication on Monday.

The development at Commerzbank's business units over the second quarter had been "very diverse," he added.

Asked about speculation the bank may need further government support, Blessing said: "No, I don't see that. We have a comfortable capital base."

"I will deal with it should it become relevant," he was also quoted as saying.

The German government has to date given Commerzbank 8.2 billion euros ($11.52 billion) in fresh capital, with a pledge for an additional 10 billion. It has also granted 15 billion euros in guarantees for bonds.

Commerzbank's commercial mortgage unit Eurohypo (NHYGga.H: Quote, Profile, Research) could return to profit this year because the value of parts of Eurohypo's portfolio, such as government bonds, had recovered, Blessing said.

The CEO added in the interview that even though the number of non-performing loans to businesses was on the rise there was currently no wave of insolvencies among Germany's so-called "Mittelstand", medium-sized owner-led companies that are seen as the backbone of the nation's economy. ($1=.7115 Euro) (Reporting by Ludwig Burger; Editing by Jon Loades-Carter)