FRANKFURT Feb 20 The euro zone's central
banking system is on track to emerge from the Lehman Brothers
bankruptcy without loss, the Bundesbank said on Wednesday.
The Bundesbank was the central access point for the Lehman
group, via its German subsidiary LBB, to refinancing operations
offered by the so-called Eurosystem of euro zone central banks.
At the time of Lehman's bankruptcy in September 2008, LBB
had liabilities of 8.5 billion euros vis-a-vis the Bundesbank
arising from Eurosystem refinancing operations.
Interest payments and costs take the total liability to more
than 9 billion euros now, the Bundesbank said.
More than 8 billion euros has already been secured, the
Bundesbank added, detailing progress in LBB's bankruptcy
"The probability is very high that there will be a complete
repayment," Bundesbank board member Joachim Nagel told