UPDATE 1-Germany imposes moratorium on German SVB branch

(Adds details) FRANKFURT, March 13 (Reuters) - Germany's financial regulator BaFin on Monday said it was imposing a moratorium on the German branch of Silicon Valley Bank in the wake of its demise and noted the branch has "no systemic relevance".

The bank opened a small branch in 2018 after it won a license to lend.

BaFin said that the situation posed no "threat to financial stability".

SVB's Frankfurt branch had assets of 789 million euros
($841.86 million) at the end of last year, according to BaFin.

Officials at SVB in Frankfurt have not responded to requests for comment.
($1 = 0.9372 euros) (Reporting by Tom Sims and Marta Orosz Editing by Miranda Murray)

Reuters

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UPDATE 1-Germany imposes moratorium on German SVB branch

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