Banks increased their foreign short-term debts, largelyreflecting funding received from foreign shareholders, by almost1bn euros last year, to 7bn euros.
"The development shows banks started borrowing again fromabroad. (...)," commented Radu Craciun, an investment manager withEureko Pensii.
Foreign analysts that in 2008 criticised Romania pointed to thevery high level of short-term foreign debt, even though this wasconcentrated in banks and private companies. Rising short-termindebtedness can inclusively appear amid the shifting of someresources raised on the long term to shorter maturities. Banks'long-term foreign debt climbed by only 241.9m euros lastyear.
The trend of banks' foreign debt is related to the trend of lendingin Romania, and given the relatively modest expectations about thisyear's lending growth, analysts are not anticipating a significantadvance in banks' foreign debt in the following period.
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