parent banks

Romania is seeking to extend its agreement with the parent banks of the country’s top nine lenders regarding their exposure on the domestic market, central bank governor Mugur Isarescu said Monday.

Romania’s planned follow-up deal with the International Monetary Fund might not include a new agreement with the parent banks of the country’s top largest lenders, as the mother banks are maintaining their exposure at sufficiently high levels, people familiar with the negotiations said Monday.

The parent banks of Romania’s top nine lenders have reduced their overall exposure to Romania by EUR1.2 billion (3.8%) between end-March and October, according to participants in the November 18 banking meeting in Brussels.