European banks need 53 billion euros for the Implementation of the G20

estimated investment bank JPMorgan, the biggest German banks lacked almost 18.5 billion euros to increase capital base. 20 European banks in the next six months, need an extra infusion of $ 53 billion.

Half of this amount will need to increase by 2011 the proportion of core capital to eight per cent in accordance with the requirements adopted at a meeting of twenty in Pittsburgh. Currently, the minimum share capital amounts to six percent.

second half of the sum will go to back loans made by banks in the state to overcome the financial crisis. This is the conclusion reached by experts bank JPMorgan in a study on the results of which refers to news agency Reuters.

One only German financial institution to be more Commerzbank 12.2 billion euros in order to achieve by 2011 vosmiprotsentnoy share of the base capital without government assistance. In that case, if the bank does not find these funds, the minimum quota of capital of only 3.8 per cent. The head of the bank Martin Blessing (Martin Blessing) does not rule out increasing the basic capital, but according to the calculations of experts, it is necessary to count not before 2011.

Germany's biggest bank Deutsche Bank will need 3.4 billion euros of new investments, analysts say JPMorgan. Despite the fact that currently the bank's capital base is 8.7 percent, exceeding thus the required minimum quota, by 2011 it is estimated to experts, will be reduced to 7.2 percent.

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