BRD President: banks in Romania do not need so much financial support from the state

The Western financial support systems offered by the states is not necessary in Romania at the moment, BRD President Patrick Gelin declared, quoted by NewsIn. Moreover, he underlined that the government should take up some measures to protect the economy like infrastructure investments.

Romanian banks have had a good year in 2008 with significant financial results far more better than the ones registered in 2007. Plus, the financial system is healthy in Romania, as banks do not have direct exposure to the American market.

He declared that the government should take up some measures in order to protect the economy, a point which contradicts the Raiffeisen International general director, Herbert Stepic who declared last week that Romania needs a comprehensive pack of measures to sustain its economy of at least 10 billion euro of which 5 billion should be injected into the banking system.