French banks are highly exposed to debt Greek .

Agency Emporiki Bank of Greece, a subsidiary of Credit Agricole.Keywords: debt, profit, Greece, EUROPE, FRANCE, GERMANY, Baudouin Prot, BNP Paribas, Crédit Agricole, Societe Generale, NatIxis.

French institutions were most involved in Greece, with debts amounting to around 53 billion euros. The overall exposure of the Credit Agricole rises to nearly 30 billion euros.

After Societe Generale, Wednesday, BNP Paribas has just released its quarterly results and at the same time its exposure to the debt of Greece. Then she mentions a Net income rose 39.1% to 2.28 billion euros for the first quarterBNP Paribas has presented to date, exposure to the debt the highest Greek French banks. It amounts to 5 billion eurosPlus 3 billion euros of trade commitments on private Greek companies. The bank said that the Greek private sector credit represents only 0.2% of total commitments of the group, while exposure to the debt of the Greek state only weighs just 0.4%.
"If we place ourselves in the short term the biggest risk is the exposure to private debt, said Christian Parisot, an economist and chief strategist of Aurel ORO. The establishment of an austerity plan would have a negative impact for the economy of Greece. It brings about a contraction of 3 to 4% of GDP, would increase the risk of default of households, less creditworthy than a State, and consequently the business.
For its part, SocGen, which also pleasantly surprised investors with a net profit of 1.06 billion euros for the first quarter, Announced Wednesday a exposure to debt Greek 3000000000In addition to its 54% stake in the bank Greek Geniki Bank, whose loan portfolio stood at four billion euros in late March. However, Societe Generale declined to disclose the amount of its exposure to private debt Greek, simply, in a statement, declaring that the amount was "negligible."

Credit Agricole, the French bank most exposed:
Regarding Credit Agricole and Banque Populaire and Caisse d'Epargne (BPCE) which must publish their quarterly results on 12 and 11 May, they have already announced their exposure to debt Greek. Friday, Crédit Agricole has announced that the total amount of its exposure to Greece amounted to 29.5 billion euros.
Firstly, its commitments related to the Greek state reached 850 million euros. Then he made loans to other Greek banks, amounting to 180 million euros. In addition, the commercial commitments of Crédit Agricole CIB amounted to 2.4 billion euros. This amount represents 1.2% of trade commitments CACIB, one of the world's leading ship finance.
In addition, the group is also exposed to sovereign risk through Greek Credit Agricole Assurances, up from less than 400 million euros.
Finally, Credit Agricole bought in 2006 a Greek bank, Emporiki, which had held, in late March, 23 billion euros of loans to individuals and businesses, and 3 billion debt to other banks.

Exposure to Greece: France to Germany:
As the group BPCE, exposure to Greece amounted to 2.1 billion euros, of which 882 million euros through its subsidiary Natixis. BPCE exposed to 1.4 million euros to the Greek sovereign debt and Natixis to 160 million euros. In contrast, private debt is fully supported by Natixis to the tune of 722 million euros.
According to statistics from the Bank for International Settlements (BIS) in late 2009, French banks are exposed to the tune of 75.172 billion dollars (57.41 billion euros). This amount placed at the head of global banks most exposed in Greece. They are followed by German banks, which are up to 45 billion dollars, Great Britain to 11.28 billion dollars and the Netherlands for 8.95 billion. For a total 188.6 billion (141.8 billion euros) in claims for European banks and U.S. $ 236.2 billion (177.3 billion) for banks worldwide.