Intesa Sanpaolo Outlines Exposure to Russia, Ukraine
March 16 2022 - 8:47AM
Dow Jones News
By Cecilia Butini
Intesa Sanpaolo SpA said Wednesday that its loan exposure to
Russia and Ukraine stands at 5.1 billion euros ($5.59 billion), and
that its exposure to sanctioned individuals is EUR200 million.
The Italian bank said that loans to Russian customers account
for about 1% of its total customer loans.
"Almost all these loans expire by 2027 and thus within the
aforementioned time horizon envisaged in the energy plan launched
by the European Commission with 'REPowerEU'," the company said.
Intesa is conducting a strategic review of its presence in
Russia, it said earlier this month.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
March 16, 2022 09:32 ET (13:32 GMT)
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