Cross-border lending to the Romanian non-bank sector dropped by over $7 billion over the past two years, from $27.2 billion in 2009 to $20.1 billion on December 31, 2011. Cross-border lending to this sector fell by $1.87 billion in the last quarter of 2011, from $21.9 billion on September 30.
Globally, banks cross-border lending in the last quarter of 2011 fell at the fastest pace since 2008. Interbank lending saw the most significant decline, especially for euro-zone banks.
Foreign banks’ exposure to Romania decreased by 5.4% last year to $107 billion, according to BIS. European banks’ exposure to Romania fell by $6.2 billion (5.7%) in 2011 to $102.5 billion.