ECB to Soon Demand Higher Reserves from German Banks for CRE Loans

Jun 4, 2024, 01:26 PM

The European Central Bank (ECB) will soon guide several German banks to increase their reserves to guard against potential defaults on commercial real estate (CRE) loans. This move is expected to negatively impact the profits of these banks. The ECB's directive aims to bolster financial stability amid concerns over the property market.