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Erste Bank: We do not need or seek capital assistance or funding from the Romanian state

Autor: Bancherul.ro
2009-02-22 13:35

The last days and weeks have generated a lot of comments regarding the Austrian Banks exposure to Central and Eastern Europe and their committment to finance the economies in the region.

In order to clean up all misunderstandings, concerns or puzzles, Andreas Treichl, CEO of Erste Group would like to point that Erste Group's engagement to CEE and Romania is a long term project and that the bank enjoys a strong base which allows it to support its commitment to the region, said the bank in a press release.

"Both Erste Group and BCR will raise up to their commitment and responsibility to finance the Romanian economy. We do not need or seek capital assistance or funding from the Romanian state. BCR is a very solid and well capitalized bank and Erste Group will continue to provide it with capital and funding, if needed", said Treichl.

"We know there are challenging times ahead of us and we have prepared for that. We are also aware of our responsibility to offer assistance to those clients who might need support to pass through this period. Above all, though, we are and will remain a profitable, solid bank accross the CEE and in Romania", Treichl concluded.

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