European Bank Exposure To Ukraine Manageable But Second-Round Effects Could Be Material
Marco Troiano (Scope Ratings) | At the end of September 2021, the combined exposure of BIS reporting banks to Ukrainian residents stood at USD 13.5bn gross of risk transfers, with French and Austrian banks accounting for about half of the total. This does not pose any credit concerns. Only a handful of European banking groups maintain a meaningful local presence, including Raiffeisen’s Bank Aval, BNP Paribas’ Ukrsibbank, and PKO’s Kredobank. While…