JPMorgan: the withdrawal of Greek banks from Romania would not pose such a big problem for the banking sector 

The potential withdrawal of Greek banks from Romania would not pose such a big problem for the local banking sector because authorities have the necessary resources to takeover the branches and sell them later to other financial groups and the National Central Bank can face the shocks, a report of the financial institution JPMorgan Chase Bank reads, quoted by news agency Mediafax.

Analysts note that the Central Bank can manage the risks related to the Greek banks and the branches do not have own exposure on Greece’s state debt and are well capitalized. The problems in Greece affected the national currency in Romania but the currency was also affected by the increase of the aversion of investors to the global risk.

JPMorgan estimates that Romania’s GDP will increase by 2% this year and by 4% in 2011. The biggest risk of the Romanian economy is a slowdown of the global economic activity.