On 28 November the
newssite RomaniaLibera published remarks by an advisor to the governor
of the national bank that were delivered at the “EU-Cofile 2012” banking
symposium held at Sinaia over the last week.
Adrian Vasilescu, advisor to the governor of the National Bank of
Romania (Banca Naţională a României - BNR), reassured the attendees at Sinaia
that the national bank’s statistics indicate that foreign-owned banks are not
transferring capital out of Romania to their Western parent banks, but he admitted
that in Romania total loans to both individuals and businesses are in fact
declining on a month-to-month basis.
Source: Băncile
nu scot bani din ţară, dar nici nu dau credite (2012-11-28)
In other news, ING
Bank released an updated forecast for the Romanian economy in which it
predicted a slight contraction of the economy in 4Q 2012 and annual GDP growth
of 0.5% in 2013.
Mark Pleas
[contact]
