According to the 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: HSBC Holdings (HBC), Royal Bank of Scotland (NYSE:RBS), Barclays (NYSE:BCS), Llyods Banking Group (NYSE:LYG) and Standard Chartered. RBS has about $1B exposure and Barclays loaned about $200M.
Taiwanese banks’ exposure to Dubai World amounts to $196M.