Greece overtakes Austria in terms of investments in Romanian banksPublish date: 30-06-2009
Greece became last year the biggest investor in lenders in Romania, accounting for 30.7 percent of the aggregated foreign capital at the end of March and Austria slipped to the second position with 23.5 percent, shows a report of the central bank (BNR).
Holland remained on the third position with 11.9 percent. Greece used to occupy the second standing before it switched places with Austria.
According to the report, the market shares of the first five banks in Romania compressed to 54.3 percent during the first quarter versus the similar period last year, both for loans and deposits.
On the credits segment, the market share shrank to 53.7 percent, while on the bonds portfolio, it reached 39.9 percent. As to deposits, the first five banks held 53.91 percent of the market.
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