The head of the German Federation of Banks, Christian Sewing, confirmed Monday that the risk of a "full-scale" banking crisis in Europe is "very low", despite the recent tensions in the sector since the bankruptcy of the "Silicon Valley Bank" (SVB) in the United States and the takeover of "Credit Suisse". .

"The risk of a comprehensive crisis similar to the one that occurred in 2008 is very low," said Siving, who is also CEO of Deutsche Bank, Germany's largest bank, during a press conference.

He explained that the banks in Germany and in the European Union are still very solid "and" are well provided with capital and liquidity.

The recent collapse of Silicon Valley Bank, which is linked to the start-up sector, and Signature Bank in the US, and then the urgent acquisition of Credit Suisse, raised fears of a broader crisis in the banking sector.

European financial institutions, especially Deutsche Bank, suffered in the stock exchanges after that, with investors fearing a repeat of these events in Europe.

Seving stressed that the crisis "did not have any impact on the situation of banks in Europe."

He added that this is due to the fact that "the regulators have done a good job in improving the capital of banks significantly since the crisis of 2008."
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