Commerzbank, which was last month told by the European Banking Authority to find €5.3bn of extra capital by the end of June, was the worst performing large-cap banking stock in Europe last year, according to analysis by Financial News.

In what was a disastrous year to be investing in large European banks, the German bank underperformed all others after its share price crashed by 76.54% during the year from €5.55 at the close of trading on December 31, 2010, to €1.3 at the end of December 30, the last trading day of 2011.