Bloomberg News

German Banks Slowly Getting Healthy, Bafin’s Koenig Tells FAS

March 11, 2012

Germany’s banks are slowly regaining their health, Elke Koenig, president of German financial regulator Bafin, said in an interview with the Frankfurter Allgemeine Sonntagszeitung.

“They’re slowly becoming healthy, but the risk of contagion remains high,” Koenig told the newspaper. Asked what would happen if a foreign bank collapsed, she said her agency is “optimistic that the German banks are prepared for nearly all imaginable scenarios.”

To contact the reporter on this story: 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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