§ Sir Richard BodyTo ask the Chancellor of the Exchequer what estimate he has made of the total lending by(a) United Kingdom banks and (b) banks of Federal Germany to enterprises in Eastern Europe. [14420]
§ Mr. NelsonAccording to the Bank for International Settlements, loans by UK banks to eastern Europe as at the end of June 1994, stood at $4,209 million. Of this, the Bank of England estimates that $796 million was lent to the non-bank private sector. Total lending by Germany to eastern Europe as at the end of June 1994 was $42,733 million. Neither the Bank of England nor the Treasury has access to information on the breakdown of this figure.