Among banks with significant operations in Romania, only ING and Citi operate as branches.

Companies’ deposits with foreign banks’ offices on the local market climbed by RON1.1 billion in the first quarter, from the level registered late 2010, while sums saved by individuals remained flat.

At the end of the first quarter, the total value of deposits opened with lenders participating in the guarantee fund stood at RON263.3 billion, with 49.6% of this sum actually guaranteed.

According to statistical data, the value of potential compensations the fund could have paid to depositors enjoying guarantees at the end of the first quarter totaled RON103.3 billion, up RON13.4 billion from a year ago.

In the case of individuals, the maximum value of potential compensations in the first quarter climbed by 10.9% from last year, to RON88.2 billion, mainly on the doubled guarantee cap to EUR100,000.

(EUR1=RON4.216)