The vice-president of Germany's central bank has a warning for lenders as insolvencies rise
Publishing timestamp: 2023-11-23 06:30:35
Summary
German banks, including Deutsche Bank and Commerzbank, reported strong third-quarter profits. However, Bundesbank Vice-President Claudia Buch warns that these banks need to increase provisions for non-performing loans due to rising credit risks and an uncertain economic environment. The article also mentions the challenges faced by the German economy, including a budget crisis and the impact of rising interest rates.
Sentiment: MIXED
Keywords: deutsche bank ag, central banking, business news, commerzbank ag,