Bank worries, sliding oils dent European shares

* FTSEurofirst 300 ends down 1.47 pct

* Worries of more losses, capital raising hit financials

* Steep drop in crude oil hits energy shares

By Amanda Cooper

LONDON, July 8 (Reuters) - Fresh concern about banks' financing hit European shares on Tuesday, although a drop in the oil price and an investor sweep into safe-havens like drugmakers and telecoms helped stem the slide in the broader market.

The banking sector fell to its lowest in five years as fears of more writedowns and the need for additional capital raising to restore balance sheets tattered by the credit crunch dented shares in HSBC (HSBA.L: Quote, Profile, Research), UniCredit (CRDI.MI: Quote, Profile, Research) and others.

The European equities market got some respite mid-afternoon after Federal Reserve Chairman Ben Bernanke said the central bank may extend its emergency lending facility for big Wall Street firms beyond the end of the year, helping soothe some of the concern about banks' access to funding.

The FTSEurofirst 300 index of top European shares ended the day down 1.47 percent at 1,161.38 points, having fallen earlier by as much as 2.6 percent.