Exposure of BIS-reporting banks to Romanian banks increases marginally in Q2

By bne IntelliNews October 22, 2013

BIS-reporting banks decreased their aggregate exposure* to Romania by USD 122mn in Q2 via reducing their exposure mainly to the non-bank sector by USD 144mn while the exposure to the banking system actually increased marginally by USD 22mn – preliminary data from the Bank of International Settlements show.

The net flow of resources to the Romanian banking system comes after a massive outflow of resources in the previous two quarters – some USD 2.1bn in Q1/2013 and USD 1.8bn in Q4/2012.

The exposure of BIS-reporting banks to Romania was USD 47bn at the end of June – out of which USD 19.4bn to the non-bank sector. The exposure to the banking system was therefore USD 27.6bn at the end of June.

The total assets of Romanian banks stood at USD 118bn at the end of June. Back in June 2008 -- before the credit crunch and the regional deleveraging, BIS-reporting banks held USD 45.9bn of Romanian banking assets. The banking assets totalled USD 129bn at the time.

* the figure represents the exchange-rate adjusted change in exposure in terms of assets

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