LONDON, Aug 6 (Reuters) - Britain's banks hold enough
capital to keep on lending and absorb the losses that are likely
to arise due to the COVID-19 pandemic, the Bank of England said
on Thursday.
Companies could suffer a cash flow deficit of up to 200
billion pounds, and lenders could suffer credit losses of less
than 80 billion pounds, the BoE's Financial Policy Committee
said in its Financial Stability Report.
"It remains the FPC’s judgement that banks have the
capacity, and it is in the collective interest of the banking
system, to continue to support businesses and households through
this period," the report said.
(Reporting by Huw Jones; Editing by Kevin Liffey)