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August 4, 2021

BNR: Greek capital banks are well capitalized

‘Greek capital banks have good capital adequacy rates, above the system average, and we will be able to face any challenges, mainly that they are Romanian legal entities, ‘ National Bank of Romania (BNR) Vice-governor Cristian Popa said yesterday: ‘We have instruments offered under the BNR status, to cover the liquidity problems of solvable banks. (…) All of the Greek capital banks are Romanian legal entities and our state offers them very good traction,’ Mediafax quoted Popa as saying. The BNR official showed that credit institutions in Romania, which have Greek banks as shareholders, are protected and have a very good capital adequacy, a solvency higher than the current 14 per cent system average. ‘We don’t see a risk, but I believe we can successfully cope with any potential challenges,’ Cristian Popa concluded. There are five Greek banks operating in Romania, namely NBG (Romanian Bank), Alpha Bank, EFG Eurobank (Bancpost), Piraeus Bank and ATEbank. Greece is now the EU country with the highest percentage rate of public debt to GDP.

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