Italian Banks Most Exposed to Manufacturing Loans Amid U.S. Tariffs -- Market Talk

Dow Jones

2025/04/04

0911 GMT - Among European banks, Italian lenders have the highest proportion of loans in the manufacturing sector, which produces goods exported to the U.S. that are the target of recently announced tariffs, Jefferies says in a research note. Manufacturing exposure represents around 7% of European banks' loan books. Italy's Banco BPM, Bper Banca, UniCredit and Intesa Sanpaolo are the most exposed as more than 10% their loan books are to manufacturing companies. BPM has the highest exposure as manufacturing is 19% of its total loan book, as of last June's figures, analysts write. Spain's BBVA also has a more than 10% loan book exposure but the majority is linked to its operations in Turkey and Latin America, which are set to be charged the 10% basic tariff rate. Mexico, BBVA's largest market, is exempt from this tariff round. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

April 04, 2025 05:11 ET (09:11 GMT)

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Manufacturing exposure represents around 7% of European banks' loan books. Italy's Banco BPM, Bper Banca, UniCredit and Intesa Sanpaolo are the most exposed as more than 10% their loan books are to manufacturing companies. BPM has the highest exposure as manufacturing is 19% of its total loan book, as of last June's figures, analysts write. Spain's BBVA also has a more than 10% loan book exposure but the majority is linked to its operations in Turkey and Latin America, which are set to be charged the 10% basic tariff rate. Mexico, BBVA's largest market, is exempt from this tariff round. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 04, 2025 05:11 ET (09:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UNCFF","symbol_name":"UniCredito Spa","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524915271","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524915271","pubTimestamp":1743757860,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0911 GMT - Among European banks, Italian lenders have the highest proportion of loans in the manufacturing sector, which produces goods exported to the U.S. that are the target of recently announced tariffs, Jefferies says in a research note. Manufacturing exposure represents around 7% of European banks' loan books. Italy's Banco BPM, Bper Banca, UniCredit and Intesa Sanpaolo are the most exposed as more than 10% their loan books are to manufacturing companies. BPM has the highest exposure as manufacturing is 19% of its total loan book, as of last June's figures, analysts write. Spain's BBVA also has a more than 10% loan book exposure but the majority is linked to its operations in Turkey and Latin America, which are set to be charged the 10% basic tariff rate. Mexico, BBVA's largest market, is exempt from this tariff round. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UNCFF":"UniCredito Spa","BBVA":"西班牙外换银行","BK4207":"综合性银行","ISNPY":"Intesa Sanpaolo S.p.A."},"translate_title":"在美国关税期间，意大利银行面临的制造业贷款风险最大——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UNCFF":0.9,"BBVA":0.9,"ISNPY":0.9},"content_text":"0911 GMT - Among European banks, Italian lenders have the highest proportion of loans in the manufacturing sector, which produces goods exported to the U.S. that are the target of recently announced tariffs, Jefferies says in a research note. Manufacturing exposure represents around 7% of European banks' loan books. Italy's Banco BPM, Bper Banca, UniCredit and Intesa Sanpaolo are the most exposed as more than 10% their loan books are to manufacturing companies. BPM has the highest exposure as manufacturing is 19% of its total loan book, as of last June's figures, analysts write. Spain's BBVA also has a more than 10% loan book exposure but the majority is linked to its operations in Turkey and Latin America, which are set to be charged the 10% basic tariff rate. Mexico, BBVA's largest market, is exempt from this tariff round. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 04, 2025 05:11 ET (09:11 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}