Press Release: The European Commission and the International Monetary Fund welcome the reaffirmed commitments of the largest foreign banks in Romania

In a coordination meeting in Brussels of the European Banking Group held on 19 May 2009, the parent banks of the nine largest foreign banks incorporated in Romania reaffirmed the commitments to take action needed to support their subsidiaries in the country. These commitments, along with the balance of payments support package, will help Romania's banking system to weather the current crisis better, restore investor confidence, and return the economy to a sustainable growth path.

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