ING: BNR Is Able To Fill The Financing Gap At Greek Banks

05.31.2012 By Razvan Voican

Romania is exposed to the risk of contagion with the Greek banking market, including through the over EUR4 billion financing lines with Greek banks, which can become uncertain, but the Romanian central bank (BNR) has strong instruments available and can intervene fast with cash injections or even by setting up a bridge bank in order to prevent a prospective flight of deposits from the subsidiaries of Greek banks, shows an analysis by Dutch group ING.

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Keywords:
GREECE
, CENTRAL BANK
, BNR
, CAPITALIZATION