Foreign bankers have pumped additional funds for Romanian subsidiaries, with the amount of non-residents' medium and long-term deposits (reflecting in fact funding raised by domestic banks from shareholders) hitting a new all-time peak in February, of 8.4bn euros.
The volume of these deposits started climbing visibly at the end of last year, after having stalled for a relatively long period, between September 2009 and October 2010, fluctuating between 7.2 and 7.6bn euros. In December 2010, though, the volume took a leap, to 8.2bn euros, according to NBR data. After a break in January, the increase was resumed in February.
It remains to be seen whether this increase reflects just a resettling of lines of credit to longer maturities or whether this is new money that will start flowing to the real economy as well. Bucharest bankers are trying to promote the message that they have money and appetite for granting funding and are even announcing they are seeing rising interest from clients as well.
Foreign bankers have pumped additional funds for Romanian subsidiaries, with the amount of non-residents' medium and long-term deposits (reflecting in fact funding raised by domestic banks from shareholders) hitting a new all-time peak in February, of 8.4bn euros.
The volume of these deposits started climbing visibly at the end of last year, after having stalled for a relatively long period, between September 2009 and October 2010, fluctuating between 7.2 and 7.6bn euros. In December 2010, though, the volume took a leap, to 8.2bn euros, according to NBR data. After a break in January, the increase was resumed in February.
It remains to be seen whether this increase reflects just a resettling of lines of credit to longer maturities or whether this is new money that will start flowing to the real economy as well. Bucharest bankers are trying to
