'Dutch institutions have limited exposure to Greece'

Wednesday 15 June 2011

Dutch banks will not be particularly hard hit if Greece goes bankrupt because they have sharply reduced their investments in recent years, the Volkskrant reports.

Only ING and Abn Amro have significant exposure to Greece. ING has €1.4bn in Greek government bonds while ABN Amro has a similar amount invested in credit to state-owned companies such as the Greek railways.

SNS Reaal has no interests in Greece, while insurers Delta Lloyd and Aegon have €120m and €5m respectively in Greek bonds.

By contrast, French bank Crédit Agricole has some €24.5bn in Greek investments, the paper says.

© DutchNews.nl

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