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Central Bank: All Greek banks in Romania have contingency plans for unforeseen situations
The Greek banks in Romania have liquidity and solvency indicators at comfortable levels and also have contingency plans in case of fortuitous situations, said on Wednesday First Deputy Governor of Romania's National Bank BNR , Florin Georgescu, at a Finance Forum 2011, organized by Forum Invest in Bucharest .
'Through its supervision department, the Central Bank closely monitors the situation of these banks. We keep a close contact with them. Liquidity and solvency are at comfortable levels. Every bank has contingency plans, to cope with unforeseen situations, in order to maintain their financial health', Georgescu said.
According to BNR official, all Greek banks in Romania have a solvency rate over 11 percent, while the solvency per entire banking system is over 14 percent. On Monday, Fitch Ratings Agency has downgraded, from 'B plus' to 'BB plus', the long-term ratings for five banks in Greece and placed them under surveillance, with negative implications, following a downward revision of the sovereign rating of Greece, Agerpres reports.