Deutsche Bank pays more to borrow from other banks than its peers including stragglers in Greece and Italy, Euribor data showed on Tuesday, a trend that underscores the gravity of the problems facing Germany's flagship lender.
Deutsche is the only bank to pay to borrow over a 9 or 12-month period of a group of 21 lenders, which are polled to determine the price of interbank borrowing for the wider sector.
The reading puts Deutsche in a worse position even than Italy's embattled Monte dei Paschi or the National Bank of Greece, due to concerns over a likely multi-billion-euro legal penalty for misselling toxic mortgage securities.
The data, compiled by the European Money Market Institute to set the Euribor benchmark, provides a rare glimpse into the repercussions of a crisis of confidence in the bank that has seen its stock price tumble by almost half this year.
It has become free for nearly all banks to borrow after the European Central Bank cut its deposit rate below zero and pumped more than one trillion euros into the market to shore up the economy.
But the data showed that Deutsche Bank, exceptionally, had to pay 0.02 percent to borrow money from its peers over nine months. It paid 0.06 percent for a year-long loan.