Eurozone capital flight is leaving German banks flush with cash. Deposits in German banks rose...

|By:, SA News Editor

Eurozone capital flight is leaving German banks flush with cash. Deposits in German banks rose 4.4% Y/Y to €2.17T as of April 30, according to the ECB, while deposits in Spain, Greece and Ireland shrank 6.5% to €1.2T in the same period. The influx is a boon for domestic banks, and both Deutsche Bank (DB) and Commerzbank have taken in billions of euros in additional customer deposits.