The highest exposure to the Romanian market, over EUR20 billion, is that of Austrian group Erste, which controls the largest local bank, BCR. Erste’s exposure to local corporate clients amounts to EUR3.7 billion and its exposure to individual customers stands at EUR4.2 billion.
Raiffeisen (EUR7.133 billion), Volksbank (EUR 5.316 billion) and EFG Eurobank (EUR4.522 billion) follow next in the ranking, according to the data presented upon the announcement of the results of the annual stress test conducted by the European Banking Authority.
France’s Societe Generale, which owns the second largest local bank by assets, BRD, did not reveal data about the total exposure to Romania. It has an about EUR3.5 billion exposure to Romanian government securities.
The groups owning large banks in Romania, which did not publish data on the exposure to this country, include UniCredit (Italy) and ING (Netherlands). The two groups have exposure to Romanian government securities worth EUR1.22 billion and EUR268 million, respectively.
Exposure to Romania accounts for about 1% or 2% of the total exposure reported by the European groups in most cases, except for Volksbank (almost 12%), Erste (9.1%) and Piraeus (7%).
Non-performing loans account for almost 12%, or EUR2.4 billion, of Erste’s exposure to Romania, and for 5.3% of the exposure of Raiffeisen. Highest percentage of non-performing loans to total exposure, 23% was registered by Germany’s Bayern LB, which indirectly owns MKB Nextebank.
(English version by Loredana Fratila-Cristescu)