Fitch: Austrian Banks are Most Exposed to Russian Risk
- Austrian banks are most exposed to Russian risk through their local subsidiaries, Fitch Ratings says. European banks have greater direct exposure to Russia than US and Asian lenders but the amounts are generally manageable.
- International bank direct claims on Russia were USD242bn at end-3Q13, with just over three-quarters (USD184bn) relating to European banks, according to the latest data from the Bank for International Settlements published 9 March. North American banks made up 16% of the exposure, while Asia-Pacific bank positions were only 7%.