Intesa Sanpaolo, here is the exposure to Russia and Ukraine
Intesa Sanpaolo exposure to Russia and Ukraine of 5.1 billion. All the details
Intesa Sanpaolo announced that the exposure to Russian counterparties currently included in the lists of entities to which the part applies is equal to € 0.2 billion and that the amount of the exposure to Russia and Ukraine, currently being assessed analytical for the purposes of better monitoring the prospective evolution of the risk profile, corresponds to loans to customers and banks of the local subsidiaries equal to approximately 1.1 billion euros and the rest of the Group equal to approximately 4 billion euros.
HERE IS THE INTESA SANPAOLO INTEGRAL PRESS RELEASE ON EXHIBITION IN RUSSIA:
In relation to the recent events regarding Russia and Ukraine, Intesa Sanpaolo announces that the exposure to Russian counterparties currently included in the SDN lists of entities to which sanctions are applied is equal to 0.2 billion euro and that the amount of the exposure to Russia and Ukraine undergoing analytical assessment for the purpose of better monitoring the prospective evolution of the risk profile – in the context envisaged by the European Commission's "REPowerEU" and by the recent Versailles Declaration with reference to the reduction of energy dependence on the European Union. before 2030 – corresponds to loans to customers and banks of local subsidiaries equal to approximately € 1.1 billion and the rest of the Group equal to approximately € 4 billion.
Loans to Russian customers are equal to approximately 1% of the total loans to customers of the Intesa Sanpaolo Group. Over two thirds of the receivables from Russian customers concern primary industrial groups, characterized by consolidated commercial relationships with customers belonging to the main international supply chains and by a significant share of the proceeds deriving from the export of raw materials, with maturities for almost all within 2027 and therefore within the aforementioned reference time frame of the energy plan launched by the European Commission with “REPowerEU” and recalled by the Versailles Declaration.
The Intesa Sanpaolo Group's exposures to Russia and Ukraine are shown in the following tables.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/intesa-sanpaolo-ecco-lesposizione-verso-russia-e-ucraina/ on Wed, 16 Mar 2022 15:35:17 +0000.