German Banks Have Below-Average Bad Debt Reserves, Moody's Says

  • EBA data show 6.6 billion euros provision gap to EU average
  • German asset quality better than Austria due to CEE exposure

German banks would have to increase bad-debt provisions by an amount equivalent to more than a quarter of their first-half profit to bring them in line with the European average, Moody’s Investors Service said in a report published Wednesday.

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