Barclays (BARC), Lloyds Banking (LLOY), and Royal Bank of Scotland (RBS) Head Lower As Cypriot Bank Tax Hits FTSE 100

Within it latest results, Lloyds said its total asset exposure to Cyprus had dropped from 210 million pounds to 104 million pounds during 2012. In addition, the 2012 figures from RBS showed its exposure to the island falling from 438 million pounds to 377 million pounds.

Meanwhile, last year’s numbers from Barclays (LON:BARC) showed Cypriot assets reducing from 316 million pounds to 300 million pounds.

Overall, the exposure to Cyprus looks relatively small when each of the three banks reported group risk-weighted assets of more than 300 billion pounds.

Of course, whether the deposit levy in Cyprus will prompt wider banking problems within the rest of the troubled eurozone — and create further selling pressure on U.K. bank shares — is something nobody can really determine right now.

The article Barclays, Lloyds, and Royal Bank of Scotland Head Lower As Cypriot Bank Tax Hits FTSE 100 originally appeared on Fool.com.

Maynard does not own any share mentioned in this article.

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