Bloomberg News

Russian Banks Held $14 Billion in Greece, Ireland, Italy in 2011

March 05, 2012

Russian lenders held 413.4 billion rubles ($14 billion), or 1 percent of total assets, at Greek, Irish, Italian, Spanish and Cypriot banks as of Jan. 1, the central bank said in its annual Financial Stability Review.

The figure, which included interbank loans and deposits, comprised 107.4 billion rubles held at Italian banks, 296.5 billion rubles in Cyprus, 8.1 billion rubles in Greece and 10.6 million rubles in Spain, Bank Rossii said in the report published on its website today. No assets were held in Portugal.

To contact the reporter on this story: Jack Jordan in Moscow at jjordan22@bloomberg.net

To contact the editor responsible for this story: Paul Abelsky at pabelsky@bloomberg.net


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