November 18, 2016 / 12:36 PM / 3 years ago

Deutsche Bank CEO says monetary policy working against banks

Deutsche Bank CEO John Cryan addresses the bank's annual general meeting in Frankfurt, Germany, May 19, 2016. REUTERS/Kai Pfaffenbach

FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) Chief Executive John Cryan said on Friday that ultra-loose monetary policy by central banks was hindering lenders’ ability to spur economic growth.

“We have a set of forces operating against the banking system at the moment which militate against its strength and undermine its ability to foster economic growth,” Cryan said at a banking conference.

Reporting by Joshua Franklin; Editing by Maria Sheahan

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