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Romanian President: Domestic Banking Sector Is Well-Capitalized

Romanian President Traian Basescu said Sunday, after the meeting with the IMF, European Commission and World Bank delegation, that the domestic banking sector is well-capitalized, but attention must be paid to the local banks in relation to their parent banks.
Romanian President: Domestic Banking Sector Is Well-Capitalized
Mediafaxfoto - MediafaxRadu Bostan
31 iul. 2011, 20:56, English

„The experts said the banking sector is well-capitalized. Therefore, there are no risks from the banks operating in Romania,” said Basescu.

He added that the central bank (BNR) is closely watching the progress of banks in relation to their parent banks.

Basescu met Sunday afternoon with the joint delegation of the International Monetary Fund, European Commission and World Bank. The delegation is in Romania until August 1 to assess the country’s half-year results under a precautionary stand-by loan agreement. It will present its conclusions in a press conference on Monday.