Europe exposed: over $3 trillion in emerging market loans — RT Business

Europe exposed: over $3 trillion in emerging market loans — RT Business:



"The Fragile Five, BRICS and MINT are acronyms for countries like Turkey, Mexico, Indonesia, and China that are at the focus of the emerging crisis. But Europe may be the most vulnerable, as banks have more than $3.4 trillion in loans in shaky markets.



European companies have a bigger exposure to emerging markets than US or Japanese firms, according to research by Morgan Stanley Capital International.



Europe’s most vulnerable banks- the ones with the most risk in emerging markets- are BBVA, Erste Bank, HSBC, Santander, Standard Chartered, and UniCredit, according to analysts, Reuters reported. Deutsche Bank analysts estimate the six most exposed European banks have more than $1.7 trillion tied up in developing markets.



Spain’s Santander is deeply intertwined in Latin America with bank earnings sourced from Brazil (23 percent) and 132 billion euro in loans across the region at the end of 2013."



'via Blog this'