Fitch: Banks in Greece will not withdraw funds, in case of a country's default

The entry of Greece in default, and or banks, will not make Greek banks to withdraw funding from subsidiaries in Central and Eastern Europe, and branches in Romania and Bulgaria will not face massive withdrawals of deposits, says a report on Central and Eastern Europe region of the credit rating Fitch RatingsAgency.However, the agency estimates such risks can not be entirely excluded, given the considerable uncertainties on the evolution of the parent banks.There are ...

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