Parent banks reduce exposure on Romania by USD 1.1 bln in Q3
Parent banks reduced their exposure to Romanian subsidiaries by USD 1.1 billion in the third quarter of 2015, according to the Vienna Initiative.
The capital withdrawals were two times higher than the ones recorded in the previous three months, which totaled USD 516 million.
In the first nine months of 2015, the foreign banks’ exposure to Romania went down by over USD 3.4 billion. At the end of September 2015, the international banks had a total exposure of USD 32 billion in Romania, or 18.3% of the GDP.
The loans granted by foreign banks in Romania fell by USD 2.6 billion between January and September 2015.
The foreign banks’ exposure to the states in Central and Eastern Europe, excluding Russia and Turkey, fell by USD 5.3 billion in the third quarter of 2015.
editor@romania-insider.com
