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.
Romania's budgetary-structural plan was approved by the ECOFIN Council on January 21, alongside similar plans for 20 other EU member states, minister of investments and European projects Marcel Boloș announced on Facebook. Romania's budget deficit hit 8.6% of GDP in 2024, nearly three times the 3% upper limit, in the fourth year...
Otilia Bordei, Roxana Ilie and Louis Juhel, a team of three seasoned experts with over 30 years of combined experience in the real estate market, are launching TREEE, a consulting company specialized in identifying and brokering office spaces. TREEE is dedicated to supporting companies in finding sustainable office solutions, thereby contributing to achieving environmental, social […]
A total of 26,033,372 passengers transited Romanian airports last year, a 6% increase compared to 2023, according to data from the Romanian Airports Association (AAR). The number of passengers traveling to international destinations increased by 7% compared to the previous year, while the number of passengers on domestic flights decreased...
Romania saw the largest percentage decrease in new fully electric cars registered in 2024, a nearly 33% drop, according to data from the European Automobile Manufacturers Association. Fully electric cars represented 10.1% of new cars sold in Romania in 2023. Last year, the figure dropped to 6.5%. Across Europe, 1.44 million new fully electric cars […]
The European Court of Human Rights (ECHR) decided on Tuesday, January 21, not to issue an interim measure in the case in which Călin Georgescu appealed the Romanian Constitutional Court’s decision to annul the 2024 presidential elections. The former candidate had requested that interim measures be given, indicating, in particular, that the top...
The Nădlac Salami, a traditional product from Arad county in western Romania, made using a recipe passed down through generations, has entered the registration process for a European quality system. The Nădlac Salami, traditionally part of the summer diet, is still made following ancestral tradition, according to Romania’s Ministry of Agriculture. The institution announced the […]
