Deutsche’s cash buffer ballooned in Q3

- By Lorenzo Migliorato
- 28 Oct 2020

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Deutsche Bank buttressed its liquidity reserves over the third quarter to €253 billion ($297 billion), its highest level since Q1 2019, after tapping the European Central Bank’s cash lending facility.

The bank’s liquidity buffer, made up of cash and sovereign bonds, grew 9% over the third quarter – and is now 14% larger than at the end of 2019. Deutsche said the increase was driven by its participation in the ECB’s latest targeted longer-term refinancing operation (TLTRO III), and to a lesser

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