- 3 min
Paris, 7 May 2010 - 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
- Crédit Agricole CIB commercial commitments: €2.4 billion, mainly in secured lending against ships, and trading transactions. This amounts to 1.2% of Crédit Agricole CIB'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.