“Besides the reality in Greece, I would stress that the local banks are Romanian banks and they only have Greek capital. The holders of this capital are severely limited by our internal regulations. There is a clear protocol, with clear rules in case of shareholders interference,” Vasilescu told ZF.
Greeks control four local banks – Alpha Bank, Bancpost, Piraeus and Banca Romaneasca – which jointly own 12% of the RON360 billion assets of the Romanian banking system. They also hold RON24 billion in consumer and corporate deposits, or nearly 10% of the overall local deposits.
Euro zone readies for Greek default after they refused to extend a credit lifeline to Athens, which asked for an extension of its bailout program beyond Tuesday, the day it must pay EUR1.6 billion to the International Monetary Fund.
Greek government called a referendum on the bailout next Sunday.