European Banks Have Limited Greek Exposure, JPMorgan Says

Europe’s biggest banks have limited risk tied to Greece after selling local units and cutting holdings of the country’s bonds, according to JPMorgan Chase & Co.

Six banks in Germany and France have about 5 billion euros ($6 billion) of credit to Greek clients, JPMorgan analysts Kian Abouhossein and Delphine Lee wrote in an e-mailed report from London today. Credit Agricole SA of France has the highest at 3.5 billion euros, mostly corporate loans, they said.