Commerzbank boosts European shares off of 2-1/2 year lows
* FTSEurofirst 300 up 2 pct
* Commerzbank boosts battered banks
* Oil shares rally with crude
* Roll Royce surges after results
By Alistair Smout
LONDON, Feb 12 (Reuters) - European shares rebounded strongly from the previous session's steep losses on Friday, with positive results from Commerzbank and a rally in oil prices helping banks and commodity-related stocks to regain ground.
The pan-European FTSEurofirst 300 was up 2 percent at 1,218.97, having closed down 3.7 percent on Thursday, when a slump in banks and resource-related stocks pushed the index to a 2-1/2 year low.
Banks were in favour with Commerzbank up 14 percent after it returned to profit in the fourth quarter. Provisions for bad loans fell, allowing the bank to draw a line under a six-year restructuring by announcing it was closing its 'bad bank' comprising non-core assets.
In all, the STOXX 600 Banks index rose 3.8 percent. Continuación...