Swedish FSA says banks can cope with potential commercial real estate losses

Kitco Media
By Reuters
Published:
Updated:
Reuters
STOCKHOLM, Jan 31 (Reuters) - Sweden's banks have sufficient capital to cope with potential losses from the heavily indebted commercial real estate sector, the acting head of the Financial Supervisory Authority said on Tuesday. "We judge ... that banks have enough capital to absorb the large credit losses that could arise from the commercial real estate sector," Susanna Grufman said in regular testimony to Sweden's parliament. (Reporting by Simon Johnson, editing by Anna Ringstrom)

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