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About the press conference from Germany’s most dangerous bank

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About the press conference from Germany’s most dangerous bank

From Wolf’s perspective, the answer is clear: his house is “an essentially healthy bank,” he says. And cites as evidence that the financial group made a profit of at least 91 million euros – although the institute had to set aside 212 million euros for loans that it granted primarily to owners of US offices. In addition, the institute still has ample capital buffers that are sufficient to cope with further losses. And: His house has enough money in liquid form – certainly a message to the tens of thousands of savers who stash their assets in the Pfandbrief bank’s current and fixed-term deposit accounts. The CEO probably wants to tell you that his institute can easily repay the money at any time.

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