22 Large Eurozone Banks Vulnerable to Brexit

PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--

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 $3 billion or more)
		Total				Weiss
Bank Name		Assets		Country		Safety
		($B)				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

Weiss Ratings Scale: A = excellent, B = good, C = fair, D = weak, E = very weak.

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