Tuesday, March 26, 2013

Overseas lending, bank exposure to Cyprus around $100 billion: BIS, Moody's.


Overseas lending, bank exposure to Cyprus around $100 billion: BIS, Moody's.(Reuters).(Compiled by Steve Slater, Marc Jones and Edward Taylor; Editing by David Cowell). Overseas lenders, excluding those in Russia, had $59.2 billion of outstanding loans to Cyprus at the end of September, according to Bank for International Settlements (BIS) data.

BIS statistics, the only ones to chart cross-border lending around the world, do not include loans from Russia. Ratings agency Moody's estimates Russian bank loans to Cyprus-based companies of Russian origin were $30-40 billion.

The BIS data show lenders from Greece and Germany have the biggest exposures to Cyprus of the reporting countries.

Cyprus on Monday reached a 10 billion euro ($13 billion) rescue plan to avoid economic meltdown after more than a week of intense scrutiny on the island's future.

Some banks disclose their loans to Cyprus, but the European Banking Authority has not forced banks to release a breakdown since a 2011 stress-test.Read the Full story here.

COUNTRY EXPOSURE TO CYPRUS (in Billions of dollars)

Russia* 30-40

Greece 16.4

Germany 7.6

France 2.5

Switzerland 2.2

United Kingdom 2.2

Netherlands 1.9

Austria 1.7

United States 1.7

Italy 1.6

Sweden 1.4

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