Bundesbank Says Germany’s Banking System Strong Despite Pandemic

By Reuters
Reuters
Reuters
September 22, 2021 Updated: September 22, 2021

BERLIN—Germany’s banking system is still robust despite a year and half of the COVID-19 pandemic but the crisis is not over yet, Bundesbank board director Joachim Wuermeling said on Wednesday.

Wuermeling said the Bundesbank will restore normal regulatory requirements for banks but will make sure not to overburden lenders, warning of possible significant credit defaults due to the pandemic.

Reuters