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. Last Updated: 07/27/2016

Dresdner Exposure




FRANKFURT, Germany -- Dresdner Bank said Thursday that it had Russian credit exposure of about 1 billion Deutsche marks ($571 million), a level higher than the 680 million marks the bank had previously disclosed.


Spokesman Bernd Meyer said the bank now had 300 million marks in unsecured transfer risks plus 700 million marks in old London Club debts left over from the former Soviet Union.


The bank had said it had 680 million marks in unsecured transfer risks but did not mention the old London Club debt.