Nearly a third of local credit institutions were facing a liquidity deficit in the first part of the year, of 3.7 billion lei in Jan-Apr, versus 10.6 billion lei deficit a year earlier in 19 banks, according to data from the National Bank of Romania presented by Dorina Antohi, deputy director of monetary policy at NBR.

At the opposite front, 26 banks reported liquidity surplus for the four-month period into April of 4.07 billion lei.

Cristian Popa, the central bank vice governor said the transition from excess to a shrinking pool of available liquidity in October 2008 was dramatic.