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Finnish Banks Have Close to a Billion Euros in Irish Assets

Finnish banks have invested about 911 million euros in Irish assets, according to information obtained by YLE from the Bank of Finland. Meanwhile, the banks have nearly 70 million euros invested in Greek assets. Last spring, that number was over 400 million euros.

Image: Juha-Pekka Inkinen / YLE

The assets include government bonds, derivatives, funds, shares and other investments. The central bank has not gathered information on pension insurance companies’ investments in Ireland. The pension insurance company Ilmarinen has not commented on the matter, while Varma says that it has not invested in Ireland.

Finnish banks have significantly minimised their investments in Greece. In March, claims stood at 427 million euros. Now the number is just 71 million euros.

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