EBRD: Romania, Bulgaria, Serbia could be affected through Greek banks exposure

Romania, Bulgaria and Serbia could be affected by the Greek crisis due to their exposure on the banking system to Greek lenders, said Thomas Mirow, the president of the European Bank for Reconstruction and Development (in picture). “There is a potential risk, with Greek banks playing an important part, for Bulgaria, Romania or Serbia. So far there has been no major effect. The subsidiaries of Greek bank have resisted well,” said Mirow in a recent press conference. Romania hosts several Greek banks which have expanded in the country: Banca Romaneasca (National bank of Greece main shareholder), Bancpost (EFG Eurobank main shareholder), Alpha Bank, Piraeus Bank, Emporiki Bank, Marfin Egnatia Bank. The Romanian Central Bank Governor Mugur Isarescu has recently said the Greek banks present in Romania are well capitalized and hold good positions in the country.