Five of the seven Greek-held banks with Romanian operationsannounced they generated profit in the first quarter of 2010, inthe context where the amount of loans granted stagnated. Greekgroups at the end of first quarter had a loan portfolio worthalmost 14bn euros, close to that of BCR, the biggest Romanianfinancial group, which in March had loans worth a little above 11bneuros. Total private lending almost equalled 49bn euros in lateMarch, according to NBR data. Against this level, the Greeksaccount for 28% of the market. Externalised loans included, themarket share would be smaller. Four of the seven Greek-held banksconcentrate loans worth billions of euros, with their sizes cominginto sharp contrast with those of the other three subsidiaries.Alpha Bank has the biggest exposure to Romania in terms of loansgranted, with a 4.2bn-euro volume. In the first three months, theamount dropped by 1%, though. The biggest profit was reported byBanca Romaneasca, the Romanian subsidiary of National Bank ofGreece group, which gained 12m euros in the first quarter, up 71%from a year ago.
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