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Share Price Information for HSBC Holdings (HSBA)

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Share Price: 693.40
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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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