Factbox: Overseas banks' exposure to Greece - BIS data

Stanpacks (India)

28/06/2015 11:59

* Foreign  banks' exposure to Greece: http://link.reuters.com/nym94w 
 
    LONDON, June 28 (Reuters) - If Greece does not reach an 
agreement at the weekend to unlock funds, it is set to default 
on an International Monetary Fund loan on Tuesday, possibly 
sparking a bank run, capital controls and raising doubts about 
its future in the euro zone. 
    Most foreign banks massively cut their exposure to Greece 
after a restructuring of government debt in 2012, with French 
and German lenders leading the way.  
    However, some could still lose money if Greece quit the 
single currency, and could suffer from the negative spillover 
impact onto their funding costs. 
    "While European banks are better prepared to absorb any 
asset value volatility related to a Greek exit and potential 
contagion risks are more contained compared with 2012, the 
uncertain market reaction to Greece leaving the single currency 
could still adversely affect the credit profile of some European 
banks," rating agency Moody's said in a report this week. 
    Overseas banks had $46.8 billion worth of loans to Greece at 
the end of 2014, according to the Bank for International 
Settlements(BIS). 
     
    Foreign banks' exposure to Greece: 
    http://link.reuters.com/nym94w 
 
 (Graphic by Vincent Flasseur; Editing by Greg Mahlich) 
 ((matthew.scuffham@thomsonreuters.com; 02075426734; Reuters 
Messaging: matthew.scuffham.reuters.com@reuters.net)) 
 
Keywords: GREECE BANKING/