Citigroup Says Greek Euro Exit Impact ‘Wouldn’t Be That Large’

The effect on Citigroup Inc. (C) of Greece’s exit from the eurozone “wouldn’t be that large,” said Alberto Verme, chairman for Europe, the Middle East and Africa.

“We at Citi have negligible exposure to the periphery,” Verme said in an interview with Bloomberg HT television in Istanbul today. “We are following the situation very closely to make sure it won’t have a negative impact on Citi. It is a very uncertain situation with many possible outcomes and too many variables.”

To contact the reporter on this story: Sibel Akbay in Istanbul at sakbay@bloomberg.net

To contact the editor responsible for this story: Mark Bentley at mbentley3@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.