Steinbrueck states conditions for helping Quelle

COLOGNE, Germany, June 26 (Reuters) - German Finance Minister Peer Steinbrueck said on Friday he would be ready to help the Quelle mail order unit of struggling retailer Arcandor (AROG.DE) provided certain conditions are met.

Firstly, the securities put up against a loan to Quelle would have to be higher than the amount of money lent, Steinbrueck said in the western city of Cologne.

Secondly, state-owned bank KfW would have to be secured ahead of all other creditors against potential default, he added.

(Reporting by Matthias Inverardi)