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Financial sector has €11.4 billion exposure to Russia

News

Published: 20 October 2025

Station Zuid-as schemering

The latest figures available from DNB show that the Dutch financial sector had a direct exposure to Russia of approximately €11.4 billion in the fourth quarter of 2021.

Exposure to Russia amounts to about 0.25% of the Dutch financial sector’s total exposures.

By sector

The list below shows the share of the €11.4 billion exposure by sector:

  • Banks €5.8 billion
  • Pension funds: €5 billion
  • Insurers: €350 million
  • Investment institutions: €250 million

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