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Parent banks to keep their exposure to Romania, IMF says
Mediafax
The parent banks of Romania’s top nine lenders have reaffirmed their commitment to keep their exposure to the country and ensure capital adequacy levels over 10 per cent for their subsidiaries, the International Monetary Fund has said.
Officials of the parent banks met in Brussels yesterday (Weds) with representatives of the Romanian central bank, the IMF, the European Commission and other international lenders to review the commitments assumed by the nine banks regarding total exposure to Romania.
"These banks have reaffirmed their intention to act to meet their commitments. In this respect, banks emphasized the need for the availability of appropriate investment instruments," the IMF said following the meeting.
It said the parent banks' exposure to Romania was broadly maintained to the levels recorded at the end of March, with a few exceptions, when exposure "temporarily fell below the agreed level."
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