The 20 European Banks With The Most PIIGS Exposure

 The following list shows those 20 banks with the most exposure to Portugal, Ireland, Italy, Greece and Spain.  Keep in mind as you look at this list that there are billions of dollars in money market instruments that each of these banks have issued and are outstanding - and that the U.S. banks have both direct exposure to these banks and indirect exposure to those money market instruments.  Also, some of these instruments may be in the Money Market Funds that you have in your investment and retirement portfolios.  This is NOT just a European problem!

 

Bank	PIIG Exposure	Market Cap	Common Equity	Exposure as a % Equity
#1 - Allied Irish Banks (Ireland)	$129.02 billion	$2.00 billion	$0.387 billion	33,352%
#2 - Banca MPS (Italy)	$290.98 billion	$7.96 billion	$6.24 billion	4,666%
#3 - Banco Popular Español (Spain)	$182.94 billion	$6.91 billion	$9.49 billion	1,927%
#4 - Intesa Sanpaolo Group (Italy)	$607.03 billion	$51.06 billion	$37.07 billion	1,638%
#5 - EFG Eurobank Ergasias (Greece)	$76.01 billion	$2.07 billion	$4.74 billion	1,601%
#6 - BBVA (Spain)	$552.90 billion	$52.80 billion	$35.39 billion	1,566%
#7 - Bank of Ireland (Ireland)	$102.43 billion	$1.39 billion	$7.40 billion	1,385%
#8 - Unicredit (Italy)	$541.54 billion	$34.41 billion	$50.59 billion	1,070%
#9 - Banco Santander (Spain)	$567.20 billion	$92.08 billion	$59.51 billion	953%
#10 - Dexia (Belgium)	$132.95 billion	$5.229 billion	$10.34 billion	552%
#11 - Commerzbank (Germany)	$67.38 billion	$18.45 billion	$14.60 billion	462%
#12 - BNP Paribas (France)	$280.96 billion	$79.91 billion	$78.43 billion	358%
#13 - Deutsche Bank (Germany)	$140.61 billion	$49.73 billion	$43.02 billion	327%
#14 - Credit Agricole (France)	$192.06 billion	$29.97 billion	$65.50 billion	293%
#15 - KBC Bank (Belgium)	$39.70 billion	$9.05 billion	$16.09 billion	247%
#16 - DZ Bank (Germany)	$24.69 billion		$10.34 billion	239%
#17 - Landesbank Baden-Württemberg (Germany)	$32.05 billion	$11.27 billion	$13.94 billion	230%
#18 - Barclays (UK)	$123.51 billion	$43.91 billion	$65.510 billion	189%
#19 - Landesbank Berlin (Germany)	$13.11 billion	$5.60 billion	$7.31 billion	179%
#20 - Royal Bank of Scotland Group (UK)	$146.42 billion	$60.96 billion	$83.58 billion	175%