I am not talking about public, private, foreign bank variety here. I am talking about the variety of functions that they will undertake, the niche in which they want to excel. Accordingly, the Reserve Bank has decided to license more banks. Two licenses we have given recently. We intend to offer this on tap basis.
This clearly underpins Germany’s goal of becoming one of the global leaders in sustainable finance. At the EU level, market participants expect the European Union to become the largest ESG issuer in the world. In the context of the joint borrowing programme known as “Next Generation EU”, the EU could issue more than € 250 billion in green bonds.