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