The Dutch financial sector had a direct exposure to Russia of approximately €11.4bn in the fourth quarter of 2021, with insurers’ exposure valued at €350m, latest figures published by De Nederlandsche Bank (DNB) have revealed.
Banks made up €5.8bn of the €11.4bn exposure, pension finds €5bn, and investment institutions €250m.
Exposure to Russia amounts to about 0.25% of the Dutch financial sector’s total exposures.