Monday, 29 June, 2015
German, Dutch banks ‘well-prepared’ for Greek financial ructions
German, Dutch banks ‘well-prepared’ for Greek financial ructions – German and Dutch banks said on Sunday said they were fortified against possible financial turmoil in Greece this week after the country announced it would keep banks closed on Monday and would introduce capital controls…"We are very well-prepared because we’ve been anticipating a situation like this for a long time," said a spokesman for Germany’s second biggest lender, Commerzbank. The Athens stock exchange will also be closed on Monday as the government tries to manage the financial fallout of the disagreement with the European Union and the International Monetary Fund.Germany’s biggest lender, Deutsche Bank, said it felt well-prepared and was keeping a close eye on developments."Deutsche Bank has sufficient safety mechanisms in place to safeguard its business activities as well as those of its clients," it said in a statement that was also echoed by DZ Bank, the lender at the center of Germany’s cooperative banking system.Dutch banks such as ING and ABN AMRO are also seen as well-prepared
http://www.4-traders.com/COMMERZBANK-AG-13057331/news/German-Dutch-banks-well-prepared-for-Greek-financial-ructions-20608081/
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