“The bank is a Romanian financial institution, regulated and supervised by the National Bank of Romania (BNR). Banca Romaneasca has a high liquidity level and is one of the best capitalized banks on the local market, with a solvency index of 17.52%, double compared to the minimum prudential requirements. At the same time, our clients’ deposits are guaranteed under the Bank Deposit Guarantee Fund in accordance with the current legal provisions,” Kougionas stated.
There are four Greek-owned banks operating in Romania: Alpha Bank, Bancpost, Piraeus and Banca Romaneasca, which hold together 12% of the assets of the local banking system.
Euro zone readies for Greek default after European partners 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.
The Greek government called a referendum on the bailout next Sunday.
Greek banks are to remain closed until July 6 and a maximum EUR60 can be withdrawn from an account in one day.