The operations of the Romanian subsidiary are localized and integrated with Romanian banking policies, regulated by the Romanian central bank.
“Capital control policies have not been implemented, our offices are not closed and our operations are not limited. Clients of Piraeus Bank Romania benefit from deposit guarantees for up to EUR100,000. The Romanian central bank has very clearly regulated interventions from shareholders on all banks, including those from Greece,” the lender said in a statement.
Piraeus Bank has assets of EUR2 billion, liquidity above the market average and a solvency rate of 12.7%. Piraeus Bank Romania has 300,000 clients and 120 branches in Romania.
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.
Greek banks are to remain closed until July 7 and a maximum EUR60 can be withdrawn from an account in one day as the country risks default and is moving closer to a possible exit from the eurozone.
Greek Prime Minister Alexis Tsipras announced the country will hold a referendum on July 5 on the terms it had been offered by international creditors for receiving fresh bailout money.