Foreigners Took Out EUR2.7B From Local Bank Deposits In 3 Years

02.17.2015 By Liviu Popescu

Foreigners, largely banking groups, at the end of 2014 held around EUR5.8 billion in medium and long-term deposits opened with local banks, 32% below the record high reached in 2011. In 2014 alone, non-residents’ deposit volume shrank by around EUR700 million, according with BNR data.

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Keywords:
foreigners
, bank deposits
, deleveraging