Standard Chartered Plc has the greatest exposure to commodity traders among European banks, according to an analysis by Sanford C. Bernstein, with $1.9 billion of syndicated loans as concern spreads about the industry’s debt load and prices plunge.
Analysts led by Chirantan Barua estimate Standard Chartered has more than $1 billion of loans and credit lines to oil trader Trafigura Pte Ltd., whereas Credit Agricole AG has the largest exposure of any bank, $841 million, to Glencore Plc, which has seen its stock plummet 63 percent this year. Societe Generale SA has made $1.8 billion of loans to natural-resource traders, the second-most in Europe, Bernstein estimates...............................................Full Article: Source
|