Austria’s Exposure in Italy: € 16.5bn

Businessn.a. ♦ Published: July 11, 2011; 22:55 ♦ (Vindobona)

Domestic banks’ exposure in the neighboring country is much greater than in Greece, but smaller than in Eastern Europe.

Austria’s Exposure in Italy: € 16.5bn / Picture: ©

According to latest data from the Bank for International Settlements (BIS), Austrian banks’ receivables from Italian debtors amounted to $ 22.16bn at the end of 2010, which corresponded to approximately € 16.5bn at that time. Austria’s exposure to Greece recently stood at only € 2.3bn.

Receivables of domestic insurances and funds are not included in these figures, neither…