On 22 July, representatives of the European Commission and the International Monetary Fund met in Brussels with the nine parent banks of the largest foreign-owned credit institutions with affiliates in Romania (Erste Group Bank, Raiffeisen Group, Eurobank EFG, National Bank of Greece, UniCredit Group, Société Générale, Alpha Bank, Volksbank International, and Piraeus Bank). The meeting was also attended by representatives of the National Bank of Romania, the Romanian Ministry of Finance, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the World Bank Group, the European Central Bank and the home country authorities. Participants expressed satisfaction that parent banks largely honoured their commitments to maintain exposure to Romania at group level and provide sufficient ex ante capital buffers to their subsidiaries as needed. Participants reiterated the importance of accelerating the absorption of EU Structural Funds and the improved involvement of the private sector in this process.