By Ivan Anderzhanov in Moscow
Germany's Commerzbank is making preparations to enter Russian retail banking, according to a report in German newspaper Handelsblatt.
The bank acquired 15% in Russia's Promsvyazbank in December 2006 and has been rumoured to be considering further acquisitions ever since.
German rival Deutsche Bank is also plotting its move into the retail market.
Deutsche Bank Russia chief executive Igor Lojevsky last week said the bank was considering an acquisition to complete its full range of businesses.
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