Raiffeisen: banks still focus on attracting deposits
November 2009 - From the Print Edition
Due to a continuous drop in the external financing from mother banks, players from the Romanian banking market are still focusing on attracting deposits, according to Steven van Groningen, president and CEO of Raiffeisen bank.
“At the beginning of the crisis, the loans to deposits ratio in the banking sector was above 130 per cent, meaning that the dependence on external funding from abroad was important,” says van Groningen. “This has been on a downward trend (116 per cent in July 2009) an...
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