The banking system in Romania is healthy, very resilient, and solvency is currently at 23%, Bogdan Neacsu, president of the Romanian Bankers Association (ARB), said on Monday at the 12th edition of the ZF Bankers Summit."I would not say that the banking system is shrinking, even if the economy is growing. I would say that it is growing and if we look at the banking assets in general we have a significant growth. Moreover, financial intermediation or the level of financial inclusion, if you look at the population, has also grown significantly. For example, in the case of financial inclusion, we are approaching a level of 70%. If we look 10 years ago, I think we were talking about a level of less than 50%. I believe that the Romanian banking system is taking important steps to support this economic growth. It is very true that this economic growth is also influenced by the area of financial assets in Romania, but also by the financing provided by the parent companies present in Romania. What is certain is that we are talking about a healthy, very resilient banking system. Solvency is at 23% if we look now. The liquidity of the system is very high. Deposits are still growing rapidly," Neacsu said.According to him, banks in Romania are currently focusing on supporting companies present on the local market and developing operations: either to attract new clients or to try to motivate entrepreneurs to take on new projects.The ARB president added that in 2023, a 10.5% year-on-year credit growth was observed, and this year, until April, a credit growth of 5.8 - 6% was observed. He mentioned that this indicator is expected to improve in the second half of the year.Regarding the consolidation of the banking system, Bogdan Neacsu said that the trend has been manifest since 2010, and the operations carried out so far have brought value to the banking system itself, not only to companies.
Dacia Sandero was Europe’s top-selling car in July, the fourth monthly sales win for the small hatchback in 2025. The others came in January, February, and March. By outselling its competitors, the Sandero put an end to the three-month streak in which Renault Clio dominated this ranking, noted Autonews.com. After the first seven months of this […]
A 73-year-old motorcyclist was bitten by a bear on the famous Transfăgărășan mountain road on Saturday, August 23, according to the Argeș County Police Inspectorate. The incident took place in the Valea lui Stan area, on the road section between Poenari Fortress and Vidraru Dam. According to the police, the man “stopped on the road […]
Romania’s Foreign Ministry - MAE recently released a draft project to reintroduce a series of fees for consular services. The new fees will apply for certain categories of consular services at Romania’s diplomatic missions and consular offices abroad and will be published for public consultation on the MAE website. The new measures come as the government […]
Romania’s first bicycle path built on river dikes will be completed within three months, officials announced Sunday, August 24, in Bihor County, as reported by news agency Agerpres. Stretching 192 kilometers along the Ier, Barcău, Crișul Repede, Canalul Colector, and Crișul Negru rivers, the project...
Archaeologists have uncovered a remarkable treasure at the ancient site of Histria, shedding new light on daily life in the city during the Roman era, the National Museum of History of Romania (MNIR) announced. The discovery was made in the “Great Gate – Great Tower” sector, where a hoard of more than 40 coins and […]
Romanian tennis player Sorana Cîrstea jumped 41 places in the official Women’s Tennis Association - WTA ranking after winning the Cleveland tournament, which took place between August 16 and 23. The Romanian bested Anna Li 6-2, 6-4 in the Cleveland final, winning her third career WTA singles title. “It has been a wonderful week,” Cirstea […]
