Foreign banks' exposure discussed at NBR

NBR Governor Mugur Isarescu discussed with several commercial
bankers and Finance Minister Sebastian Vladescu about the economic
outlook for the second half and about relaxing the requirement for
foreign banks to maintain their exposure on Romania on Monday
night, banking sources say.
A new meeting between the representatives of the nine most
important foreign banks on the market and those of the IMF and the
European Commission is to be held in Brussels on Thursday. Banks
say the Romanian party has not kept its promise to provide
short-term investment instruments to facilitate maintaining
exposure as long as demand for loans remains low. The topic of the
pressure banks are putting for an increase in T-bill yields was
also addressed.