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Parent banks of largest foreign banks reaffirm support for their Romanian subsidiaries

The parent banks of the largest nine foreign banks operating in Romania in Tuesday reaffirmed support in Brussels for their Romanian subsidiaries, in line with their commitment of Vienna of March 26.
The economic and financial state of affairs in Romania was discussed at a meeting on Tuesday in Brussels, attended by nearly 60 persons – officials of the European Commission, of the International Monetary Fund, other international financial institutions, commercial banks and supervisory institutions.
European Commission spokesman Mark English told Agerpres that the commitments of the parent banks made on Tuesday, coupled with a financial package to help with the balance of payments could help the Romanian banking system better weather the ongoing economic crisis, rebuild investor confidence and put the economy back on track for sustainable growth.

The European Commission will continue efforts to make cooperation easier among all players, the banks included, in order to promote the economic recovery of the European Union.
A first meeting of the parent banks with subsidiaries in Romania happened on March 26 in Vienna, when the May 19 meeting was scheduled. Similar meetings are also held by countries receiving assistance to redress their balance of payments.
The parent banks say they are ready to pledge these commitments under multilateral assistance programmes, on bilateral bases with the National Bank of Romania, with the involvement of the supervisory authorities from the home countries, and in accordance with the European and national rules in the field.

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