World Economy

German Banks Well Capitalized

German Banks Well CapitalizedGerman Banks Well Capitalized

Germany’s banks are well capitalized ahead of the European Central Bank’s stress test, the co-chief executive of Deutsche Bank and head of the German association of commercial banks (BdB) said on Saturday, Reuters reported.“The stress test is a tough examination for all the institutes involved. The German banks are however well capitalized and solid,” Juergen Fitschen said in a statement.The ECB hopes the checks, which test banks’ ability to withstand financial shocks, will banish fears about the health of European banks and restore investor trust and revive lending to euro zone households and companies - a key to getting economic recovery back on track.