17 April 2011

Banks’ exposure to PIGS countries

© Markets & Beyond
Every quarter, the BIS publishes with a 6 months lag, banks exposure country by country. I drew a table to compare the evolution from June to September 2010; banks in main creditor’s countries continued to cut (sell to the ECB) their exposure in the tune of well over EUR 100 billion, and there is no reason that this trend has abated since:
However, banks in Germany, France and the UK remain deeply vulnerable with commitments of over EUR 1 trillion:
Bank for International Settlements: Consolidated foreign claims of reporting banks