November 5, 2018 / 11:26 AM / 9 months ago

German banks performed convincingly in EU stress test - finance ministry

German Foreign Minister Heiko Maas listens during a news conference with Palestinian Foreign Minister Riyad Al Maliki in Ramallah, in the occupied West Bank March 26, 2018. REUTERS/Mohamad Torokman

BERLIN (Reuters) - German banks, overall, showed a convincing performance in the recent European Union bank health check, a spokeswoman of the finance ministry said on Monday.

The EU’s banking watchdog published results on Friday for its toughest “stress test” since 2009, when it began the exercise to identify capital holes and avoid any repeat of the government bailouts triggered by the 2008 financial crisis.

The spokeswoman declined to comment on the individual performance of particular banks.

Reporting by Tassilo Hummel, editing by Riham Alkousaa

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