The situation in Greece doesn’t affect the daily operations of the Romanian banking market, and no matter what measures Greece adopts these days, their impact on the local market will be limited, according to the Banking Employers’ Council in Romania (CPBR).

The Greek banks’ Romanian subsidiaries are well capitalized, and closely monitored by Romania’s National Bank (BNR).

“We expect that these banks will be able to honor payment obligations to depositors in general,” said Bogdan Preda, CPBR public relations executive director, cited by local Mediafax.

Romania has four banks with Greek capital, namely Alpha Bank, Bancpost, Piraeus and Banca Romaneasca, with a share of 12% of the total bank assets. Romanian individuals and companies have some EUR 6 billion worth of deposits in these banks, according to the latest data.

Nicolae Cinteza, director of Central Bank’s Supervisory Department said last week that local subsidiaries of Greek banks are well capitalized, with an average solvency ratio of 17.3%, compared to a minimum of 10% imposed by the Romanian National Bank (BNR). They could face without problems possible liquidity withdrawals.

editor@romania-insider.com