GREECE
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Greek Banks Manage To Draw In New Deposits Of EUR37M In 1Q
The calming of tensions over the Greek debt crisis in the first quarter of the year allowed Greek banks to retain their stocks of deposits.
Greece’s Euro Exit To Direct Attention To Financing Loan Portfolio – Romanian Bank Official
Greece’s euro zone exit would raise the question of who will finance the loan portfolio of Greek lenders' subsidiaries in Romania, estimated at about EUR5-7 billion, ING Bank Romania general...
What A “Grexit” Would Mean For Romania: Euro Above RON5 And Doubled Interest Rates
The leu’s depreciation by 10%-15% against the euro and the doubling of interest rates for lei on the interbank market would be the direct and fast effects on the Romanian market of the prosp...
ING: BNR Is Able To Fill The Financing Gap At Greek Banks
Romania is exposed to the risk of contagion with the Greek banking market, including through the over EUR4 billion financing lines with Greek banks, which can become uncertain, but the Roman...
Isarescu’s Dilemmas: How To Juggle Exchange Rate, Interests, Exports, Leu Savings And Lack Of Foreign Funding
Almost four years since the crash of the Lehman Brothers bank, the officially recognized milestone that marks the start of the most serious financial and economic crisis of the last eighty y...
BNR: Greek Banks Have Enough Cash And Government Paper To Meet Their Obligations
Greek-held banks in Romania have a solvency ratio that is two percentage points above the banking system average, their obligations are well covered in cash and government paper and the shar...
Romania, Jittery As It Awaits Greek Government’s EUR18B Injection Into Banks
The strong local presence of Greek-held banks raises tough questions for Romania. Who will be able to replace the financing and how will they do it? The Greek banks are awaiting impatiently...
BNR’s Greatest Fear: Aggressive Lending Cut By European Banks
The fast, excessive and erratic reduction of lending by euro zone banks on the local market is the greatest risk threatening Romania, the central bank (BNR) believes, as a consequence of the...
UniCredit: Greek Euro Exit Unlikely To Hit Romania Too Hard
A potential exit of Greece from the eurozone is unlikely to have a significant impact on the Romanian economy, a senior official of Italy’s banking group UniCredit said Friday.