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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 693.40
Bid: 695.20
Ask: 695.40
Change: 2.00 (0.29%)
Spread: 0.20 (0.029%)
Open: 689.30
High: 697.20
Low: 687.00
Prev. Close: 691.40
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REFILE-Overseas lending, bank exposure to Cyprus around $100 bln-BIS, Moody's

Mon, 25th Mar 2013 17:53

LONDON, March 25 (Reuters) - Overseas lenders, excludingthose in Russia, had $59.2 billion of outstanding loans toCyprus at the end of September, according to Bank forInternational Settlements (BIS) data.

BIS statistics, the only ones to chart cross-border lendingaround the world, do not include loans from Russia. Ratingsagency Moody's estimates Russian bank loans to Cyprus-basedcompanies of Russian origin were $30-40 billion.

The BIS data show lenders from Greece and Germany have thebiggest 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 ofintense scrutiny on the island's future.

Some banks disclose their loans to Cyprus, but the EuropeanBanking Authority has not forced banks to release a breakdownsince a 2011 stress-test.

That showed Greece's Alpha Bank had a 4.8 billioneuro exposure at the end of 2010, which it said stood at 4.6billion at the end of September.

Germany's HSH Nordbank had about 1.6 billion euros incorporate loans to Cyprus at the end of September, mainly toships belonging to German and international firms that areregistered in Cyprus.

Dutch group ING had about 900 million eurosexposure at the end of last year to companies registered inCyprus. Italy's Intesa Sanpaolo saidits loan exposure was 138 million euros.

Britain's HSBC had a net exposure of about $400million to Cyprus at the end of 2012, Barclays said itsnet exposure was 323 million pounds and RBS had loans of377 million pounds, mostly in corporate loans.

The following shows the exposure of leading countries toCyprus at the end of September (in billions of dollars)

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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9 Apr 2024 08:52

TOP NEWS: HSBC to take USD1 billion loss on sale of Argentina business

(Alliance News) - HSBC Holdings PLC on Tuesday said it will sell its business in Argentina to Grupo Financiero Galicia SA, which it called the largest private financial group in the South American country.

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9 Apr 2024 08:37

HSBC takes $1 bln hit from Argentina sale as Asia pivot continues

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LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

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9 Apr 2024 07:05

HSBC to take $1bn hit from Argentina unit sale

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8 Apr 2024 19:45

West Virginia treasurer adds four finance firms to ESG blacklist

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HSBC targets wealthy expats, bullish Asian firms to drive Europe unit, exec says

Managers focused on growth after complex transformation

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5 Apr 2024 07:29

Spain's Berge drops plans to list its Astara unit this year

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London close: Stocks reverse losses to finish slightly higher

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Morgan Stanley commits to Canary Wharf home until at least 2038

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FTSE 100 down 0.2%, FTSE 250 adds 0.9%

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London close: Stocks turn red on return from Easter break

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LONDON MARKET MIDDAY: FTSE 100 buoyed by UK manufacturing growth

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LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

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TOP NEWS: HSBC to pay special dividend after completing Canadian sale

(Alliance News) - HSBC Holdings PLC on Tuesday said it would pay shareholders a special dividend after completing the sale of its Canadian business.

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