Bloomberg News

BayernLB Won’t Need Additional Capital, CEO Haeusler Says

October 27, 2011

Oct. 27 (Bloomberg) -- Bayerische Landesbank, Germany’s second-biggest state-owned lender, said calculations by the European Banking Authority show it won’t need additional capital.

“There are obviously a number of banks out there that need to raise capital, but I can tell you we are not among them,” Chief Executive Officer Gerd Haeusler said at a conference in Munich today. With a 10.3 percent Core Tier 1 Ratio BayernLB was clearly above the stress scenario’s threshold of 9 percent, he added.

To contact the editor responsible for this story: Oliver Suess at osuess@bloomberg.net


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