Saturday, December 18, 2010
exposure of the Credit Agricultural
French institutions are more engaged in Greece, with claims that reach about 53 billion euros. The global exposure of the Credit Agricultural rises to nearly 30 billion euros. After Societe Generale on Wednesday, BNP Paribas has just released its quarterly results and at the same time its exposure to the debt of Greece. While it has reported net profit up 39.1% to 2.28 billion euros for the first quarter, BNP Paribas has introduced to date, exposure to the debt over the Greek French banks are high. It amounts to EUR 5 billion, plus EUR 3 billion of trade commitments on private companies of Greece. The bank said that the Greek private sector credit represents only 0.2% of total commitments of the group, while exposure to the debt of the Greek state still weighs just 0.4%.
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