Deloitte study: the COVID-19 crisis will accelerate the CEE banking sector consolidation; Romania had one of the largest number of banking transactions in the region
The COVID-19 crisis is expected to accelerate the consolidation of the banking sector in the Central and Eastern Europe (CEE) in the following years, as smaller players might not be able to weather the profitability and capital challenges, according to the latest edition of Deloitte CEE banking M&A study, conducted in 16 countries, including Romania. Robustness is paramount amid economic shocks and the CEE banking sector is still very fragmented, with a number of players with marginal market share, the study explains.
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BNR: Banking sector’s financial situation in 2021 allows it to finance without constraints
Popa (BNR): The drop in the monetary market indicator, ROBOR, a consequence of the improvement of the interbanking liquidity
The entities from the UK which supplied in Romania banking services need authorisation from BNR
100% online onboarding, a new facility launched by Telekom Banking
Telekom Banking, the financial project developed within the framework of the partnership between Telekom Romania and Alior Bank, the local branch of one of the largest banks in Poland, launches the new generation of opening a bank account through a 100% online process, thus confirming the commitment to digitization and…
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Why Romania should enter the Banking Union even without adopting the Euro
The Banking Union was Eurozone’s response to the financial crisis of 2010. It became apparent to the Eurozone countries that the stability of the banking sector is paramount to the well-being of the economy and the society, and that national supervision was often inadequate and lacking in independence. As a result, the sector was developing systemic risks and distortions in competition, while preventing the flow of lending to the rightful recipients and distorting the local economy.
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