Austria’s Exposure to Portugal: € 433m

Professional Services › Banks ♦ Published: April 8, 2011; 10:37 ♦ (Vindobona)

France is clearly the larges creditor of the troubled country. Portugal owes Austria € 433m.

Austria’s Exposure to Portugal: € 433m / Picture: © Vindobona.org

According to the Austrian National Bank (OeNB), Austrian banks currently hold € 1.20bn in the form of claims on Portuguese banks, businesses and public agencies. The Portuguese State accounts for around € 433m.

About half of this amount is held by the Erste Group. However, the volume of Portuguese government bonds has already been reduced: just a year ago it amounted to €…

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