Spanish banks have 20 billion euros in French sovereign debt.
Ibex 35 companies have intensified their investments in French sovereign debt due to higher profitability, but their exposure to risk is limited.
Spanish banks listed on the Ibex 35 have increased their investments in French sovereign debt due to higher returns, but their exposure to risk is limited. According to the European Banking Authority, the six Spanish banks have over €20 billion in French sovereign debt, with Santander holding around €7.9 billion, CaixaBank €7 billion, and BBVA €3.6 billion.
Despite concerns over France's high public debt and deficit, analysts consider the risk to be limited as most of these portfolios are protected under the amortized cost category. Experts expect banks to maintain stable portfolios and focus on credit business, rather than investing more in sovereign debt.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
