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ECB May Give Banks More Time to Rebuild Capital After Pandemic

Aerial Views of Germany's Financial Capital
Photographer: Alex Kraus/Bloomberg

The European Central Bank said it may give lenders more time to replenish their capital, as they work through credit that goes sour because of the pandemic.

“In the coming months we will closely watch developments and stand ready to postpone the timeline to rebuild buffers if doing so would help banks to quickly process the expected increase in non-performing loans,” said Andrea Enria, chair of the ECB’s supervisory board.