Top banks reaffirm support for local affiliates

Newsroom 26/07/2010 | 11:18

The parent banks of the nine largest foreign-owned lenders operating in Romania – Erste Group Bank, Raiffeisen Group, Eurobank EFG, National Bank of Greece, UniCredit Group, Societe Generale, Alpha Bank, Volksbank International and Piraeus Bank – have reaffirmed their support for their Romanian affiliates.

The reconfirmation meeting was also attended by representatives of the National Bank of Romania, the Romanian Ministry of Finance, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the World Bank Group, the European Central Bank and home country authorities.

These commitments, along with the multilateral financial assistance package, are helping Romania consolidate investor confidence and return the economy to a sustainable growth path.