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Popa, BNR: Banks with Greek capital are well capitalized; we will face any challenges

Banks with Greek capital have good capital interest rates, over the system average and we will be able to face any challenges, as they are Romanian juridical persons, BNR deputy governor Cristian Popa declared on Thursday.

'We have instruments offered by the BNR statute to cover liquidity problems of solvable banks. Banks with Greek capital are all Romanian juridical persons which offers us a very good traction,' Popa said.

The BNR official showed that credit institutions in Romania, whose shareholders are banks from Greece are also protected by a higher than average solvability per system which is now over 14%.

'We see no risk but we think we could cope with any challenges that might appear,' Popa concluded.

In Romania there are five Greek banks – NBG (Romanian Bank), Alpha Bank, EFG Eurobank (Bankpost), Piraeus Bank and ATEbank.

Athens authorities are facing a debt crisis (of 120% of GDP) and decided to ask for the support of states in the euro area and IMF, under the form of a package of emergency loans of 110 million euro for a period of three years. This is the first bailout procedure for a state in the euro area.The EU member state cheated in 2001 to enter the euro area, by arranging statistics and could not reduce its budget deficit in the years of economic expansion. Greece is now the country with the highest debts in Europe as percentage of the public debt from GDP

Sursa: http://www.actmedia.eu

Tags: banks challenges capital greek bnr euro