Bloomberg News

Koschyk ‘Confident’ German Banks Will Have Enough Capital

October 24, 2011

(Updates with quote in second paragraph.)

Oct. 24 (Bloomberg) -- German Deputy Finance Minister Hartmut Koschyk said he’s “confident” that German banks will have ample capital to withstand a worsening of the euro region’s sovereign debt crisis. He answered questions in Berlin after delivering a speech.

“We’re very confident and convinced that the German banks have a sufficient capital buffer in the event of an exacerbation” of the current situation, Koschyk said when asked whether he expects a German bank to seek government aid to boost its capital level.

--Editor: Angela Cullen

To contact the reporter on this story: Rainer Buergin in Berlin at rbuergin1@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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