Foreign banks’ exposure to Romania's economy down by 10.5%
Foreign banks' exposure to the Romanian economy dropped by 10.5% over a 12-month period that ended in September 2014. It went down from USD 44.24 billion (EUR 38.9 bln) to USD 39.59 billion (EUR 34.8 bln), according to data from the Vienna…
Romania Insider · Journalist
· Updated · 1 min read
Foreign banks' exposure to the Romanian economy dropped by 10.5% over a 12-month period that ended in September 2014. It went down from USD 44.24 billion (EUR 38.9 bln) to USD 39.59 billion (EUR 34.8 bln), according to data from the Vienna Initiative, cited by local Mediafax. Banks’ exposure decreased with USD 898 million (EUR 790 mln) in Q3 of 2014, over the previous quarter. The foreign banks’ lending to Romania dropped by USD 1.52 billion (EUR 1.33 bln) in the year ended in September 2014. The European Bank Coordination “Vienna” Initiative is a framework to safeguard the financial stability of emerging Europe launched at the height of the global economic crisis in January 2009. editor@romania-insider.com
