LONDON, March 27 Reuters European bank stocks rose for the first time in nearly a week on Monday, bouncing from last week39;s declines, after a buyer emerged for large parts of Silicon Valley Bank39;s deposits and loans, which helped ease some of the anxiety in the sector.

The STOXX banks index rose 2.3 in early trading, after sinking 3.8 on Friday, and largely outperformed the broader stock market, with the pan European STOXX 600 index rising 1.1.

First Citizens BancShares Shares bought all the loans and deposits of SVB and gave the Federal Deposit Insurance Corp equity appreciation rights in its stock worth as much as 500 million in return, the FDIC said in statement. Frankfurtlisted shares in First Citizens rose 9.4.

The Frankfurtlisted shares of several midtier U.S. lenders also rose sharply on Monday.

Reporting by Joice Alves; Editing by Amanda Cooper

Source Reuters