As it accounts for about one quarter of the banking assets inRomania, the economic crisis-hit Greece is becoming a risk factorthat major international banks were quick to pick up.
What will happen if the Greek bankers cut the lines of credit totheir Romanian branches, which are burdened by the non-performingloans anyway, foreign analysts wonder. Will the RON collapse? Willthe local banking system be thrown off balance?
Morgan Stanley, Deutsche Bank and Citibank are beginning to warnabout the risk of Romania being contaminated by the problems ofGreece, considering the scope of the Greek banks' business on theRomanian market.
The three biggest Greek banks, NBG, EFG Eurobank and Alpha Bank,totalled almost 13% of the total banking assets in Romania in midlast year, with the latter two being top ten players.
In all, the seven banks with Greek shareholders accounted forabout 27% of the equity capitals of the banking system last autumn,although their market share by assets was lower.
Deutsche Bank, the biggest German bank believes that this is whythe crisis in Greece may affect Romania, as well.
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