Bloomberg News

German Banks to Reach Capital Targets on Their Own, Bafin Says

February 03, 2012

Feb. 2 (Bloomberg) -- Germany’s banks are set to reach the European Banking Authority’s capital requirements on their own, according to German financial regulator Bafin.

“The plans the institutes have presented to us show that they should be successful in reaching the EBA’s recommended capitalization on their own strength,” Elke Koenig, president of Bafin, said in a speech in Frankfurt today.

The EBA’s new capital rules require euro-area banks to achieve a 9 percent core Tier 1 capital ratio by the middle of this year.

--Editor: Ben Livesey

To contact the reporters on this story: Karin Matussek in Berlin at kmatussek@bloomberg.net Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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