Banks: Foreign Investment

Treasury written question – answered on 25th February 2014.

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Photo of Austin Mitchell Austin Mitchell Labour, Great Grimsby

To ask the Chancellor of the Exchequer what estimate he has made of the total investment of British banks in the national debt for (a) Greece, (b) Spain, (c) Italy and (d) Ireland.

Photo of Sajid Javid Sajid Javid The Financial Secretary to the Treasury

Data on external claims of UK-owned monetary financial institutions, and of their branches and subsidiaries abroad, are available on the Bank of England website at:

www.bankofengland.co.uk/statistics/Documents/bankstats/2013/sep13/tabc4.2.xls

These data include UK banking groups' direct exposures to the entire public sectors of Greece, Spain, Italy and Ireland.

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