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  • 2010/05/07
  • 3 min
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Details of Crédit Agricole's global exposure to Greece

In addition to the funding provided to the Greek private sector by the Group's local subsidiaries, Crédit Agricole has the following exposure to Greece:

Sovereign risk: €850 million
Interbank risk: €180 million
CACIB commercial commitments: €2.4 billion, mainly in secured lending against ships, and trading transactions. This amounts to 1.2% of CACIB's commercial commitments.

With respect to the insurance business, the Group's exposure to Greek sovereign risk, net of policy-holder profit-sharing and tax, is slightly less than €400 million. This exposure is relatively small compared to the scale of the business of Crédit Agricole Assurances, which is the leading bancassurance company in France.

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