Political analyst: Czech banks would withstand Deutsche Bank’s potential fall

30-09-2016

The potential collapse of Deutsche Bank would not seriously threaten the Czech banking sector, the ctk news agency said on Friday, citing a number of financial experts. The health of the German lender came under scrutiny after the U.S. Justice Department suggested it pay 14 billion dollars to settle a number of investigations related to mortgage securities. It’s fall, should the German government refuse a bailout, would hit a number of European financial institutions, but according to analyst Lukas Kovanda of Roklen Group, Czech banks are stable enough to withstand the inevitable repercussions.