Deutsche Bank Has ‘Very Limited’ Exposure to Russia
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Deutsche Bank AG said its net loan exposure to Russia was 600 million euros ($665 million) at the end of last year, while pointing to the potential closing of its information-technology hub in the country as another risk.
“Our direct exposures are currently very limited and tightly managed,” Chief Risk Officer Stuart Lewis said in a statement late Wednesday, referring to Russia. “Second- and third-order effects of the current situation, including sanctions and cyber-security risk, are being carefully evaluated and monitored.”