Banco de Portugal

01/13/2021 | Press release | Distributed by Public on 01/13/2021 05:10

Statistical Press Release – International banking statistics on a consolidated basis – 3rd quarter of 2020

At the end of the third quarter of 2020, the immediate exposure of claims of Portuguese banks stood at €86.4 billion, leading to a decrease of €1.5 billion compared to the end of the second quarter of the year.

The ultimate exposure of Portuguese banks decreased by an equal amount to €87.2 billion of claims, at the end of the third quarter of 2020.

Of these claims, 73% were located in the European Union. This percentage reflects a reduction of €0.4 billion and €0.6 billion, in terms of immediate exposure and ultimate exposure, respectively, compared to the last quarter.

The difference between the ultimate and immediate exposure (in the amount of €0.8 billion) corresponds to a net risk transfer from Portugal to the rest of the world. In the last quarters, this value has registered a reduction, which reflects a decrease in the bank claims on Portuguese entities that are guaranteed by non-resident entities (Chart 1).