B such as banks - Irish, Italian banks set for $ 28.6 billion in March
The Italian banks are less exposed against 's Ireland : only 28.6 billion dollars 30 March, less than 3.4% of overall international banking system to Dublin, on the same date stood at 843.8 billion dollars. He explains the Bank for International Settlements ( Bank for International Settlements , Bis) in the BIS Quarterly Review September. Among other things, according to the latest figures, for the first quarter of the Italian banks have reduced by almost 5% of its net exposure in the banking system of the former "Celtic Tiger". A case virtuoso of "attention", then.
Here is the text and data of the BIS.
are increasing banks' exposures to Greece, Ireland, Portugal and Spain (1)
BIS reporting banks have increased the overall exposures (2) to residents of Greece , Ireland, Portugal and Spain , despite the increasing pressures of the market that were the subject of these countries. The overall expansion of 109 billion dollars (4.3%) resulted in the reporting banks' aggregate exposure to this group of economies to 2.6 trillion dollars.
In the case of Greece, the total exposures increased by $ 20.7 billion (7.1%), reflecting an increase of 21.6 billion dollars (29.3 %) of the "other exposures", which is due mostly to an increase of 18.1 billion dollars (54.0%) of outstanding credit. On the other hand, foreign assets decreased by $ 0.9 billion (0.4%). Inside, they have increased the uses to be non-banks and the public sector, respectively, $ 4.0 billion (4.7%) and 0.8 billion dollars (0.8%), but their increase was more than offset by a decrease of $ 5.7 billion (16.9%) of those banks.
BIS reporting institutions have also increased exposures to residents of Spain and Portugal. Although the foreign assets in the period to Spain have decreased by $ 10.3 billion (1.2%), the total exposures to residents of the country rose to $ 17.3 billion (1.5%) for effect of an increase of 27.6 billion dollars (11.8%) of other exposures. The overall exposures to Portugal increased by 10.6 billion dollars (3.2%), with growth in both foreign assets and other exposures (respectively, $ 5.8 billion, 2.3%, and 4.8 billion dollars, 6.1%) . English banks increased their exposures to the residents of Portugal, for $ 5.2 billion (4.7%), ie a greater extent than banks in other countries.
(1) The analysis rests on the two following subsections BIS consolidated international banking statistics on an ultimate risk basis. Since this set of data does not provide a breakdown by currency, all flow variables are purged of the effects of exchange rate assumption that total exposures to residents of Greece, Ireland, Portugal and Spain is denominated in euro.
(2) The total exposures consist of two main components: foreign assets and other exposures. In turn, foreign assets are made up of cross-border and local claims in all currencies, and other exposures are due to positive market value of derivative contracts, guarantees and credit commitments.
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