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February 8, 2023

First nine foreign banks reduced exposure

In March-October 2009, the nine largest foreign banks reduced their exposure to Romania by 3.8 per cent – representing EUR 1,2 bn – to EUR 30.3 bn from EUR 31.5 bn, according to a banking source attending the meeting of the financial groups with IMF, EC and BNR officials in Brussels, Mediafax informs. ‘The exposure lost EUR 600 M in Q2 and another 700 M from June through September, but was increased with EUR 100 M in October’, the quoted sources said. After the signing of the international financing agreement with Romania, the IMF and EC obtained a written agreement from the nine biggest foreign banks in terms of assets owned in Romania to keep their March 2009 exposure to the country.

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