Monday, June 13, 2011

European Banks&Insurances involved in Greece

Interesting to observe how responsibles are dealing with public wealth!

Hypo Real Estate (10 billion in Greece bonds,100% public ownership,transfered to the Bad Bank-that means taxpayer)
Commerzbank ( 24 Billion wasted in PIGS states and 25 % in public ownership)
Deutsche Bank (1.3 Billion in Greece bonds)
Postbank (1.3 Billion " " )
LBBW (1.4 Billion.The Bank is 100% in public ownership)
Allianz (1.3Billion)
Bayern LB (300 Million in Greece bonds.100% public ownership)
West LB (1 billion.100% s.o.)
Erste Abwicklungsanstalt EAA (1,1 billion.100% s.o.)
Nord LB (719 Million.100% s.o.)
HSH Nordbank (A with billions of Tax money supported state bank invested 200 Million)
Munich Re (The Münchner Rückversicherung is having 2.1 billion in Greece assets.)

Even worse as the German Banks and Insurances are the French counter parts effected:
In all 56 billion in Greece bonds and credits for the Greece economy.The part on Greece bonds within this destroyed money is 27 billions who will never seen back again.
Credit Agricole (Still holds 850 Million €uro together with Emporiki.The credit volume was 22.6 Billion in 2009.
Societe Generale (13 Billions in the PIGS (Portugal,Ireland,Greece,Spain) countries,2.7 billion of this amount in Greece bonds).
BNP Paribas (5 Billion in Greece assets)

Royal Bank os Scotland (Lowered their Greece assets from 2 Billion Pund down to 895 million pound.)
HSBC (800 million Dollar.Down from 1.9 Billion in March 2010.)


Source:
http://www.wiwo.de/finanzen/galerien/welche-banken-in-griechenland-engagiert-sind-1880/1/griechische-staatsanleihen-werden-zum-problem.html

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