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September 30, 2022

Q2 local exposure of foreign banks rose USD 4.2 bln

Foreign banks increased their exposure by USD 4.2 bln in the second quarter, to USD 119 bln, according to provisional data released by the Bank for International Settlements quoted by Business Standard. Austrian banks proved the most active, with an advance upwards of USD 2.2 bln. Financial data presented by this international institution also known as the central bank of central banks, shows that the foreign financial enterprises observed the Vienna accord and increased their exposure in Romania by USD 4.2 bln. The amount, significant in the current economic context, does not account even for a half of the nine billion dollars banks cut down from their Romanian exposure during October 2008 – March 2009.

According to data by the Bank for International Settlements, exposure by Austrian banks rose the highest, USD 2.2 bln, in Q2. Italian exposure also rose steeply, by USD 852 M. Data also show the exposures rose for briefly, up to one year, which shows banks remain cautious on Romania.

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