WASHINGTON Oct 6 The European banking sector is
working well and developing in the right direction despite
issues at individual institutions in Germany or Italy, European
Commission Vice President Valdis Dombrovskis said on Thursday.
Speaking at an event at the Peterson Institute for
International Economics in Washington, Dombrovskis said some
"pockets of weakness" remained in the European banking system,
mainly linked to non-performing loans, but that the system as a
whole was sound.
Asked if the system was working and if EU banks were
adhering to the rules of the EU's banking union, Dombrovskis
said: "That is certainly our view and, overall, the banking
sector seems to be heading in the right direction."
He refused to comment on individual banks, like Germany's
Deutsche Bank AG or Italy's Monte Paschi.
(Reporting by Jan Strupczewski; Editing by Paul Simao)