SAN - ECB is set to extend capital relief measure for banks by nine more months

The European Central Bank plans to extend lenders' ability to exclude deposits held at central banks in calculating their leverage ratios for nine more months, Bloomberg|Quint reports, citing people familiar with the matter.European bank stocks are dropping in premarket trading in the U.S. — Deutsche Bank (DB) stock falls 2.2%, Banco Santander (SAN) -1.9%, Barclays (BCS) -1.1%, ING Group (ING) -1.0%.The measure was adopted during the pandemic to make sure banks could keep lending during the health crisis, ensuring a flow of money in the Eurozone economy.The decision still requires approval from the ECB's Governing Council before the extension can take effect, Bloomberg said.In March, the U.S. allowed a similar measure to expire as originally scheduled.

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ECB is set to extend capital relief measure for banks by nine more months