BERLIN (MNI) – The European Banking Authority (EBA) sees the
capital shortfall of German banks at E13.1 billion, the Bundesbank said
Thursday.
Six of the 13 participating banks have a need for extra capital,
the central bank said. Two-thirds of the capitalisation needs are with
the Commerzbank and the Deutsche Bank, the Bundesbank added. Commerzbank
has a recapitalisation need of E5.3 billion and the Deutsche Bank of
E3.2 billion.
Moreover, the Norddeutsche Landesbank (NordLB), the Landesbank
Hessen-Thueringen (Helaba), the DZ Bank and the WestLB also have a
recapitalisation need, the central bank said.
Bundesbank vice president Sabine Lautenschlaeger stressed, however,
that “the major part of the capitalisation need of the Helaba and the
NordLB has already been met by publicly announced capital measures.”
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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