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The main conclusions after Franks - Isarescu talks: Romanian banks are solid

de A.C.
Joi, 29 aprilie 2010, 15:39 English | Top News

The meeting of IMF representatives with Romanian National Bank officials ended, talks lasted for over two hours, sources declared for The delegation was interested to find out more about the banking system and the data offered by the Romanian Central National Bank revealed that the situation is very good, sources declared.

Talks will continue in the following days. The key message for Romania, regarding Greece's problems is that Romania needs to comply to all assumed engagements to ensure that no risk will appear, Franks declared.

The IMF delegation was satisfied of the way the Central Bank managed the banking sector, sources declared. Franks declared that the next IMF installment will be released on time, worth 850 million euro.

An IMF mission is in Romania this week to evaluate whether all stand by agreements were met so far. The evaluation might reach the IMF Council in June when they will decide whether to release the next installment.

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