‘I do not know the sources. They consider that the agreement may be revised, but this does not necessarily mean it has been revised,’ Adrian Vasilescu told a TV channel.
Vasilescu deems that the impact of the information carried by the Bank of International Settlements (BIS) taken over by the media was negatively for the Romanian market.
The Basel- headquartered Bank of International Settlements carried a survey showing that the foreign banks present in Romania have dwindled exposure by over 2 billion euros, over March 31-June 30, 2009. Calculated in dollars the exposure pointed to a rise, but through the depreciation of the dollar as against the euro, the result was a reduction.
In euro equivalent values, a currency in which the bulk is denominated, the exposure of foreign banks to Romania decreased from 86.23 billion euros to 84.19 billion euros, in the aforementioned period.
The European banks had at end-June, an exposure of 113.95 billion dollars to Romania, namely 95.75 percent of the foreign exposure to Romania, according to the Bank of International Settlements.
Foreign banks present in Romania – Erste Bank, Raiffeisen International, Eurobank EFG, National Bank of Greece, Unicredit, Societe Generale, Apha Bank, Volksbank and Piraeus Bank committed in Brussels to maintaining exposure on Romania to the level of March 2009.
The Austrian banks had the biggest exposure to Romania at mid-year, worth 30.1 billion euros, down by 178 million euros compared to March, whereas French banks reduced the exposure most.
On June 30, the French banks had an exposure of 11.205 billion to Romania, the second in terms of value after Austria, with 11.607 billion euros at the end of the first quarter. The main French bank, which is operating on the Romanian market, is Societe Generale, by BRD -SocGen branch.
































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