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Austria's Exposure in Ireland: 3.4 Billion Euro

Professional Services › Banks ♦ Published: November 15, 2010; 14:42 ♦ (Vindobona)

Since September 2009, Austrian banks have halved their exposure in Ireland. The most affected countries are the United Kingdom and Germany.

Austria's Exposure in Ireland: 3.4 Billion Euro / Picture: © Wikimedia Commons / [Public Domain]

Domestic banks have reduced their investments heavily in Irish securities since the end of September 2009: from 6.8 billion euro down to 3.4 billion euro. The current figure is likely to be even lower, as the date of this survey was June 30. Among these credits, there are Irish government bonds, credits receivable from Irish banks and other debtors.

The sum of the foreign debt…

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