[1] The bank was bailed out by the Romanian state, its good assets being then merged with the more solvent Banca Comercială Română.

[1] It was only in late 1998, when a crisis hit Bancorex again, that the government considered restructuring the bank, eyeing a privatization procedure.

[1] By 1999, it became clear that a recapitalization of the bank would require $2 billion (almost 6% of Romania's GDP), which couldn't have been afforded by the government.

[2] In order to prevent further bank runs, the Romanian authorities decided upon a fast liquidation, transferring bad assets to a newly created Asset Recovery Agency, while deposits and most of the structure of Bancorex were absorbed by another state-owned bank, Banca Comercială Română.

[2] In 1999, the government took into public debt from Bancorex a sum of $1.5 billion, or 4.5% of GDP, in addition to the 1997 recapitalization of $600 million and the assumption of some off-balance-sheet items and legal liabilities that have not been disclosed in order to protect the politicians that approved non-performing loans.