“The process of controlled deleveraging continues, with the latest figure showing an 8% decrease of the subsidiaries’ passive assets,” Popa told reporters.
However, some of the financing lines have become Tier 2 subordinated loans, partially offsetting the decline in overall exposure, he said.
Romanian banking system’s solvency ratio was 14.7% at the end of September 2012.
The parent banks of Romania’s top nine lenders agreed in early 2009 to keep their overall exposure to the country unchanged until April 2011, while ensuring capital adequacy levels over 10% for their local subsidiaries.
In July 2010, the parent banks and Romanian officials reached an understanding under which they were allowed to either increase or decrease their exposure to the country by up to 5% compared to the initial level.
The parent banks were Erste Group Bank, Raiffeisen International, EFG Eurobank, National Bank of Greece, UniCredit Group, Societe Generale, Alpha Bank, Volksbank, and Piraeus Bank. Their combined market share amounts to around 70% of Romanian banking system.