Deutsche Bank CEO says new rules crimp ability to provide loans

German corporations wish to diversify their funding because the implementation of new financial institution safety rules makes it tougher for banks to offer loans, Deutsche Financial institution co-Chief Govt Juergen Fitschen informed Germany’s Boersen Zeitung. “Corporations want to prepare for better uncertainty in the case of the provision of bank loans and must reinforce their resilience,” Fitschen mentioned in an opinion piece printed in Saturday’s variation of Boersen Zeitung. Force on banks to cut down the size of their balance sheets, and the need to put aside more money for problem loans, means corporations will have to use capital market units, equivalent to issuing shares and bonds, in an effort to lift funds, Fitschen said.