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 €…

or Log In

Fast News Search
Related News
Rising Bankruptcy Fears in Eastern Europe (February 8, 2011)
"Austria Does Not Deserve an AAA Rating" (January 28, 2011)
Is Austria a Risk Country? (December 10, 2010)
Austrian Resistance Against Euro Bonds (December 8, 2010)
Risk Exposure of Austrian Banks: € 32 billion (November 25, 2010)
Austria's Exposure in Ireland: 3.4 Billion Euro (November 15, 2010)
Read More
Banking Industry, Portugal, EU European Union, Funding, France, Germany, Spain
Featured
Coronavirus in Lower Austria: Update
See latest Vindobona Newsletter