B of A Details Greek Exposure

Bank of America Corp. disclosed it had $193 million in exposure to Greece's sovereign debt, and $1.1 billion in non-sovereign debt to the country as of March 31.

In its annual report with the Securities and Exchange Commission, Bank of America said it has $205 million in credit default protection to Greece's sovereign debt.

Its total exposure to Greece, Ireland, Italy, Portugal and Spain was $23.5 billion; it has a total $1.4 billion in credit protection against those countries.

The biggest exposure was to Italy, with $2.3 billion to sovereign debt and $7.3 billion to non-sovereign debt. Bank of America's credit protection against Italy totals $1.1 billion.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER