Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

Central Bank official: Romania faces no short-term risk of lower bank exposures

Romania faces no short-term risk of lower exposures of foreign banks, Vice-Governor of the National Bank of Romania (BNR) Cristian Popa considers. 'I do not foresee a short-term risk of lower exposures.

Funding would rather surge at a slower pace,' Cristian Popa told the conference on Analyzing Romania's Future Economic Potential organized by The Economist group.

The BNR official also said the parent-banks will make the difference between the countries that have exposures and also between the business from the respective states. 'Considering that Romania relies on adjusted economic fundaments compared with the end of 2008, it will have the advantage to maintain exposures,' BNR vice-governor underscored.

Romania can attract further bank funding and be a top priority market for banks compared to other states, Popa said.

He pointed out Romania's trump cards are the adjustment of the current account deficit from 2009 until present day, the good coverage of the future imports of goods and services, of the short-term debt, the medium and long term debt and the current account deficit through international reserves, the reduction of the fiscal deficit, in this case there is the possibility to emerge from excessive deficit procedure in 2012, the low level of the financial intermediation, of 40 percent of GDP, making room for the intermediation for good business.

Sursa: http://www.actmedia.eu

Tags: exposures romania lower short bnr

Articole similare