Foreign Banks Cut Exposure To Romania By EUR2.6B In 3Q
02.02.2012
The Austrian banks cut exposure to Romania by some EUR1.9 billion in the third quarter of 2011 compared with the mid-year level, due to pressures to reduce vulnerability to risk and consolidate their capitals, according to data of the Bank for International Settlements. Therefore, Austrians reduced their exposure to local market to EUR29 billion, but they still hold the position as main lenders of Romania.
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