Banks Forced To Replace EUR10B Foreign Lines Of Credit With Local Deposits In Six Years

02.25.2015 By Ciprian Botea

Over the last six years, the foreign banks that control 90% of Romania’s banking system have withdrawn EUR10 billion worth of lines of credit extended to their local subsidiaries during the economic boom years, which were replaced by deposits attracted from local customers.

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Keywords:
bank
, deleveraging
, loan
, line of credit