Germany’s BaFin Raises Capital Requirements for Lloyds Bank GmbH

German financial regulator BaFin it has ordered Lloyds Bank GmbH to increase its capital reserves, according to statement.

• Special audit in 2023 had shown that the bank did not meet requirements of the German Banking Act
• Lloyds Bank GmbH violated requirements due to deficits in lending business and outsourcing

To contact the reporter on this story:
Andrey Biryukov in Dubai at abiryukov5@bloomberg.net

To contact the editors responsible for this story:
Deana Kjuka at dkjuka@bloomberg.net

Laura Malsch

© 2024 Bloomberg L.P. All rights reserved. Used with permission.