BNR: Foreign Banks Have Withdrawn EUR13B From Romania

06.17.2016 By Anelis Baciu

In eight years, foreign banks have withdrawn EUR13 billion of the lines of credit extended to their local subsidiaries, which reached EUR9 billion at the end of March or less than half of the level at the beginning of the financial crisis, according to a presentation by Romania’s central bank (BNR) first deputy governor Florin Georgescu.

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Keywords:
deleveraging
, foreign bank
, support