Germany’s commercial banks are in a “stable” condition and it’s unlikely that the debt crisis will deprive a German lender of its ability to obtain funding as happened to Dexia SA, said Michael Kemmer, managing director of bank lobby group BdB on Deutschlandfunk.
Dexia is probably a “special case” because of its exposure to European government bonds, Kemmer said today on the broadcasting network. Kemmer said the volume of interbank lending in Germany has declined “markedly.”
To contact the reporter on this story: Andreas Cremer in Berlin at firstname.lastname@example.org
To contact the editor responsible for this story: Chad Thomas at email@example.com