Bancherul - BANCI / ENGLISH / Patrick Gelin, BRD: Romanian banks do not need state aid

At this moment, Romanian banks do not need the kind of aid Western governments are proposing for the banking system, but rather economy stimulus moves, of which the most important is the start of major infrastructure works, states Patrick Gelin, BRD chairman.

A lot of West European states have intervened on banking markets through capital injections operated in exchange of some heavy stakes, by completely guaranteeing banking deposits or inter-bank transactions.

Last week, the representatives of several Austrian banks present in Romania stated Romanian authorities should copy the Western model of supporting players with systemic roles.