Infographic: Where Banks Have Most Outstanding Debt from Russia (2024)

FAQs

Where do banks have the most outstanding debt from Russia? ›

International banks are owed more than $121 billion by Russian entities, according to the Bank for International Settlements, which suspended Russia's membership on Thursday. European banks have over $84 billion total claims, with France, Italy and Austria the most exposed, and US banks owed $14.7 billion.

Founded in 1841, Sberbank is one of the largest financial institutions in the country. In 2022, Sberbank reported over 31 trillion Russian rubles net annual loans. With a brand value of roughly 9.4 billion U.S. dollars, Sberbank ranked as the most valuable Russian brand.

India is a case in point. Although it is the WB's biggest debtor, its existing stock of WB debt jumped from $5.6bn to $37.1bn between 1980 and 2010. It then almost stopped growing, reaching a peak of $39.7bn at the end of 2021 before declining the following year.

At the top is Japan, whose national debt has remained above 100% of its GDP for two decades, reaching 255% in 2023.

Does Russia still own U.S. Treasury bonds? How much U.S. debt has Russia owned in the past and did the overnight repo market & U.S. bond market nearly collapse in Sep. 2019 due to Russia & China selling their Treasury bonds? According to the US Treasury, Russian ownership of US Treasuries was $2.1 Billion in Nov 2022.

Singapore is one of Asia's major financial centers. It is also one of the most prosperous countries on the planet. And all this has been achieved without taking on any meaningful public debt. In fact, very much like Norway, Singapore has more assets than debt.

This debt is further broken down in data by the Bank for International Settlements. Exposure to Russian debt was highest in Italy and France, where upwards of $25 billion was owed each at the end of the third quarter of 2021. In Austria and the U.S., exposure stood at $17.5 billion and $14.7 billion, respectively.

Many people believe that much of the U.S. national debt is owed to foreign countries like China and Japan, but the truth is that most of it is owed to Social Security and pension funds right here in the U.S. This means that U.S. citizens own most of the national debt.

Which bank is the most financially stable? ›

JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.

The Central Bank of Russia is a member of the BIS. The Bank of Russia owns a 57.58% stake in Sberbank, the country's leading commercial bank. The Bank of Russia also owns a 100% stake in Russian National Reinsurance Company (RNRC), the biggest national reinsurance company.

Petersburg, and Binbank. The largest U.S. and European investment banks operating in Russia include Goldman Sachs, Morgan Stanley, Bank of America Merrill Lynch, JPMorgan, Barclay's, Deutsche Bank, and UBS.

Switzerland

Switzerland and banking are synonymous for most people around the world. Over several generations, this highly developed, multilingual European country has become the global standard for financial stability.

Russia National Government Debt reached 281.6 USD bn in Feb 2024, compared with 287.8 USD bn in the previous month.

It is widely known that the United States holds a difficult-to-fathom amount of debt. In fact, the nearly 17 Trillion dollars represents the largest external debt in the world.

Nearly half of all US foreign-owned debt comes from five countries. All values are adjusted to 2023 dollars. As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).