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Deutsche Postbank plunged into the red in 2008, making a loss of 821 million euros ($1 billion) as writedowns on its investments amid the financial markets crisis chewed up profits.
Postbank blamed the loss -- roughly in line with what analysts polled by Reuters had expected -- on heavy writedowns including exposure to fallen Wall Street titan Lehman Brothers.
The German lender, which is set to be sold to Deutsche Bank, said its tier one ratio -- a key measure of financial health -- was just 7.4 percent.
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This is below the roughly 10 percent that many banks are aiming for in the aftermath of the worst financial crisis in a generation.
The post-office bank said it swung to a trading loss of 389 million euros in 2008 while the money it set aside for bad debts rocketed to more than 400 million euros compared to 70 million a year earlier.
Postbank stock trades in line with Commerzbank at roughly 4 times 12-month future earnings, according to StarMine, which rates analysts' estimates by their track record.
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Data is a real-time snapshot *Data is delayed at least 15 minutes