Arab Today, arab today s korean banks\ exposure to greece not large
Last Updated : GMT 02:39:15
Arab Today, arab today
Arab Today, arab today

S. Korean banks\' exposure to Greece not large

Arab Today, arab today

Arab Today, arab today S. Korean banks\' exposure to Greece not large

Seoul - Yonhap

South Korean banks\' exposure to cash-strapped Greece is not so large, Seoul\'s financial regulator said Sunday, raising expectations that a default by the struggling European country would have a limited impact on them. The Financial Supervisory Service (FSS) said that as of the end of March this year, local banks held about US$500 million worth of bonds issued by Greek borrowers, mostly shipping companies. There has been almost no change in the local banks\' exposure since then, the FSS said, without disclosing a bank-by-bank breakdown. Market watchers said that in light of their current exposure, South Korean banks are unlikely to suffer serious damage even if Greece declares a default. \"Even if Greek shipping companies go belly-up, South Korean banks will be able to recover their loans,\" said a researcher at Daishin Securities Co. However, some analysts warned that a Greek default could inflict indirect damage on South Korean banks and other financial institutions, given the fact that they borrow heavily from European lenders. \"If French banks cut back on their lending to emerging markets due to the Greek crisis, South Korean lenders could suffer a credit crunch,\" said Kim Wi-dae, a researcher at the Korea Center for International Finance. In addition, the South Korean stock market could suffer collateral damage as money from European countries account for nearly a third of foreign equity investment funds, the researcher added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today s korean banks\ exposure to greece not large Arab Today, arab today s korean banks\ exposure to greece not large

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today s korean banks\ exposure to greece not large Arab Today, arab today s korean banks\ exposure to greece not large

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday