Which Foreign Banks Have Large Exposures to Dubai World?
According to WSJ, European Banks’ UAE Exposure Totals $83.7 Billion.
The breakdown is as follows:
UK banks = $49.5B
French banks = $11.3B
German banks = $10.2B
Dutch banks = $4.7B
Swiss banks = $4.3B
Italian and Belgian banks = $3.2B
The British banks that have large exposure to Dubai World are:Â HSBC Holdings (HBC), Royal Bank of Scotland (RBS), Barclays (BCS), Llyods Banking Group (LYG) and Standard Chartered. RBS has about $1B exposure and Barclays loaned about $200M.
From the Web:
The Japanese banks that lent funds to DW include Mitsubishi UFJ Financial (MTU), Sumitomo Mitsui and Mizuho. Mizuho is owed about $100M.
Taiwanese banks’Â exposure to Dubai World amounts to $196M.
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