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Bucharest
May 24, 2022
BUSINESS

The foreign banks will maintain exposure

Foreign banks operating in Romania, whose exposures decreased under the level agreed with the government, committed themselves to restoring this imbalance, sources with the International Monetary Fund announced, quoted by Mediafax. Yet, they insisted upon mentioning that all nine credit institutions claimed they need adequate instruments in order to invest in the market.


The first nine foreign banks had a meeting, yesterday in Brussels, with officials of the IMF, the European Commission, the National Bank of Romania (BNR) and the EIB, to discuss the evolution of their exposure levels on the Romanian market. Banks pledged to continue their commitment on maintaining financing lines for Romania and to secure a capital adequacy ratio of at least 10 pc. “The meeting comes in the wake of those on March 26 and May 19, when banks initially promised to keep their positions in Romania,” writes an IMF release.

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