Major Foreign Banks Cut Exposure To Romania By 20% In 5 Years

05.09.2014 By Claudia Medrega

The foreign banks that participated in the Vienna Initiative and that hold around two thirds of the Romanian banking system's assets narrowed their exposure to local subsidiaries by 20% between March 2009 and March 2014, but the deleveraging process was ordered, according to a survey recently presented by Mugur Isarescu, the Romanian central bank's governor.

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Keywords:
foreign banks
, deleveraging
, Mugur Isarescu