“We don’t exclude the possibility of government intervention to support banks. If the support substantially weakens the fiscal systems and the national debts’ balance, this will have a negative impact on our sovereign ratings,” according to S&P, reports local Wall-street.ro.
Nicolae Cinteza, director of Romanian National Bank’s Supervisory Department said earlier this week that local subsidiaries of Greek banks were well capitalized, with an average solvency ratio of 17.3%, compared to a minimum of 10% imposed by the BNR. (source: Romania-insider.com)
