BNP Paribas leads EU banks on repo exposures

French bank increased securities financing transactions by €66bn in the first half of the year, the most among the bloc’s top lenders

Top European Union banks increased their repo exposures by 13% over the first half of the year, adding an aggregate €117 billion ($136 billion) in exposures linked to securities financing transactions (SFTs). 

On aggregate, the eight global systemically important banks (G-Sibs) reported €1.04 trillion in SFT exposures, which largely consist of repo agreements, with BNP Paribas adding the most between January and June. 

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The French bank’s repo exposures swelled 26% to €317 billion over