Millennium bcp says has no exposure to Dubai World
LISBON |
LISBON Nov 27 (Reuters) - Millennium bcp (BCP.LS), Portugal's largest listed bank, has no credit or debt exposure to Dubai World or elsewhere in the United Arab Emirates, a spokesman said on Friday.
"Millennium has no exposure in terms of loans or debt to Dubai World," he said. "The bank is not exposed to that region (United Arab Emirates)."
Dubai has spooked financial markets since Wednesday when it said two flagship firms planned to delay repaying billions of dollars in debt. State-backed Dubai World has $59 billion of liabilities -- a big chunk of the emirate's total debt of $80 billion. (Reporting by Sergio Goncalves; writing by Axel Bugge) ((Axel.Bugge@Reuters.Com, +351-213-509-201, Reuters Messaging: axel.bugge.reuters.com@reuters.net))
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