Press Release: Joint IMF-EC statement on the Bank Coordination Initiative for Romania

Following up on an agreement in March and May 2009, the parent banks of the nine largest foreign-owned banks incorporated in Romania have all signed letters committing their respective groups’ overall exposure to Romania and increasing the capital of their bank subsidiary to maintain a 10 percent capital adequacy ratio throughout Romania’s Economic Program.

• Primary Source

European Commission: MEMO/09/361: Statement on Romania following IMF mission http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/361&format=HTML&aged=0&language=EN&guiLanguage=en

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