22 Large Eurozone Banks Vulnerable to Brexit

Weiss Ratings releases 2016 Global Bank Ratings with special report on impact of Brexit and Eurozone crisis

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Jul 06, 2016, 04:17 ET

PALM BEACH GARDENS, Fla., July 6, 2016 /PRNewswire/ -- Twenty-two of 38 large commercial banks headquartered in the Eurozone merit a Weiss Safety Rating of D+ or lower, making them vulnerable to Britain's exit from the European Union, with potentially widespread global repercussions. Among the 38 Eurozone banks covered, none are rated higher than a C+.

These are the conclusions of the 2016 Global Bank Ratings released today by Weiss Ratings, the nation's leading provider of independent financial safety and investment ratings.

The report, including the first and only completely independent ratings on global banks, covers 280 of the world's largest banks (with at least $3 billion in assets), rating them with letter grades ranging from A+ (strong) through E- (very weak).

Consumers interested in purchasing the 2016 Global Bank Ratings and special Eurozone Crisis report can visit http://offers.weissratings.com/globalbankratings/

The report is $247 but is $97 for a limited time. It includes a 30-day Platinum-level membership to weissratings.com, so readers can access resources mentioned in the report. The Eurozone Crisis report can be downloaded separately, for free by visiting http://offers.weissratings.com/eurozonecrisis/.

22 Large Eurozone Banks Vulnerable to Brexit
(with assets of $3 billion or more)
Bank Name	Total Assets ($B)	Country	Weiss Safety Rating
Alpha Bank AE	75.3	Greece	D+
Banca Carige SpA	32.1	Italy	D-
Banca Monte dei Paschi di Siena SpA	197.6	Italy	D-
Banca Popolare dell'Emilia Romagna SC	69.9	Italy	D-
Banco BPI SA	44.2	Portugal	D
Banco Comercial Portugues SA	86.8	Portugal	D
Banco de Sabadell SA	232.2	Spain	D+
Banco Popolare SC	139.0	Italy	D-
Banco Popular Espanol SA	184.4	Spain	D
Bank of Cyprus Pcl	25.3	Cyprus	D+
Bankia SA	232.7	Spain	D+
CaixaBank SA	388.5	Spain	D
Credito Valtellinese SC	29.2	Italy	D-
Dexia SA	270.3	Belgium	D+
Eurobank Ergasias SA	83.0	Greece	D
IKB Deutsche Industriebank AG	64.1	Germany	D-
Intesa Sanpaolo SpA	796.9	Italy	D+
Mediobanca SpA	79.9	Italy	D+
National Bank of Greece SA	120.9	Greece	D
Piraeus Bank SA	95.1	Greece	D+
UniCredit SpA	1,015.4	Italy	D
Unione di Banche Italiane SpA	132.8	Italy	D