German banks robust and stable, lobby says in wake of SVB collapse

Germany's banks are "robust, stable and resilient", the nation's top banking association said in the wake of Silicon Valley Bank's collapse.

"There is no impact on the German banking system," it said in a statement.

German bank shares have been under pressure, with Deutsche Bank falling 7% on Monday and Commerzbank down 12%. (Reporting by Tom Sims and Marta Orosz Editing by Miranda Murray)