These Are The 20 Banks Most Exposed To The European Sovereign Debt Crisis

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Deutsche Bank have broken down the debt threat facing Europe’s banks, and it isn’t pretty for many of them.

In fact, many banks have significant exposures to Total Bank Value (TBV) associated with the already bailed out Greek and Irish sovereigns, as well as the likely next to fall, Portugal.

We’ve included both the exposure level, by % of TBV, and the risks associated with the exposures.

This information is particularly important in light of the eurozone leaders’ new plan to establish a means for member states to restructure (partially default) by 2013.

#20 Banco de Sabadell

Exposure to Sovereign Risk as per cent of Total Bank Value: 2.1%

Is the bank at risk: No, if Greece, Ireland, or Portugal were to restructure, the bank would not be at risk.

Source: Deutsche Bank via Asymptotix

#19 Nordea

Exposure to Sovereign Risk as per cent of Total Bank Value: 2.4%

Is the bank at risk: No, if Greece, Ireland, or Portugal were to restructure, the bank would not be at risk.

Source: Deutsche Bank via Asymptotix

#18 HSBC

Exposure to Sovereign Risk as per cent of Total Bank Value: 2.4%

Is the bank at risk: No, if Greece, Ireland, or Portugal were to restructure, the bank would not be at risk.

Source: Deutsche Bank via Asymptotix

#17 UniCredit

Exposure to Sovereign Risk as per cent of Total Bank Value: 2.8%

Is the bank at risk: No, if Greece, Ireland, or Portugal were to restructure, the bank would not be at risk.

Source: Deutsche Bank via Asymptotix

#16 Barclays

Exposure to Sovereign Risk as per cent of Total Bank Value: 3.5%

Is the bank at risk: No, if Greece, Ireland, or Portugal were to restructure, the bank would not be at risk.

Source: Deutsche Bank via Asymptotix

#15 BBVA

Exposure to Sovereign Risk as per cent of Total Bank Value: 3.7%

Is the bank at risk: The bank's earnings are at risk, but not its capitalisation.

Source: Deutsche Bank via Asymptotix

#14 Banco Popular

Exposure to Sovereign Risk as per cent of Total Bank Value: 8.5%

Is the bank at risk: The bank's earnings are at risk, but not its capitalisation.

Source: Deutsche Bank via Asymptotix

#13 Intesa SanPaolo

Exposure to Sovereign Risk as per cent of Total Bank Value: 9.8%

Is the bank at risk: The bank's earnings are at risk, but not its capitalisation.

Source: Deutsche Bank via Asymptotix

#12 Banco Pastor

Exposure to Sovereign Risk as per cent of Total Bank Value: 10.6%

Is the bank at risk: The bank's earnings are at risk, but not its capitalisation.

Source: Deutsche Bank via Asymptotix

#11 Credit Agricole

Exposure to Sovereign Risk as per cent of Total Bank Value: 11.5%

Is the bank at risk: The bank's earnings are at risk, but not its capitalisation.

Source: Deutsche Bank via Asymptotix

#10 Banco Santander

Exposure to Sovereign Risk as per cent of Total Bank Value: 11.8%

Is the bank at risk: The bank's earnings are at risk, but not its capitalisation.

Source: Deutsche Bank via Asymptotix

#9 RBS

Exposure to Sovereign Risk as per cent of Total Bank Value: 12.2%

Is the bank at risk: The bank's earnings are at risk, but not its capitalisation.

Source: Deutsche Bank via Asymptotix

#8 BNP Paribas

Exposure to Sovereign Risk as per cent of Total Bank Value: 15.0%

Is the bank at risk: The bank's earnings are at risk, but not its capitalisation.

Source: Deutsche Bank via Asymptotix

#7 Societe Generale

Exposure to Sovereign Risk as per cent of Total Bank Value: 15.7%

Is the bank at risk: The bank's earnings are at risk, but not its capitalisation.

Source: Deutsche Bank via Asymptotix

#6 Commerzbank

Exposure to Sovereign Risk as per cent of Total Bank Value: 41.7%

Is the bank at risk: Has been effectively bailed out by the German government.

Source: Deutsche Bank via Asymptotix

#5 Dexia

Exposure to Sovereign Risk as per cent of Total Bank Value: 83.9%

Is the bank at risk: Dexia has already been bailed out.

Source: Deutsche Bank via Asymptotix

#4 Bank of Ireland

Exposure to Sovereign Risk as per cent of Total Bank Value: 104.2%

Is the bank at risk: The Bank of Ireland has been bailed out by the Irish government.

Source: Deutsche Bank via Asymptotix

#3 Alpha Bank

Exposure to Sovereign Risk as per cent of Total Bank Value: 109.1%

Is the bank at risk: Greece's biggest banks are already recieving help in the country's bailout plan.

Source: Deutsche Bank via Asymptotix

#2 EFG EuroBank

Exposure to Sovereign Risk as per cent of Total Bank Value: 215.1%

Is the bank at risk: Greece's biggest banks are already recieving help in the country's bailout plan.

Source: Deutsche Bank via Asymptotix

#1 National Bank of Greece

Exposure to Sovereign Risk as per cent of Total Bank Value: 291.4%

Is the bank at risk: Greece's biggest banks are already recieving help in the country's bailout plan.

Source: Deutsche Bank via Asymptotix

Worried about what country is after Portugal?

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