HOW WERE BANKS INVOLVED IN SUPPORTING ROMANIAN SMEs DURING THE COVID-19 PANDEMIC?

Stefan Catana, Sorin-George Toma, Catalin Gradinaru and Zainea Loredana Nicoleta
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Stefan Catana: UNIVERSITY OF BUCHAREST
Sorin-George Toma: UNIVERSITY OF BUCHAREST
Catalin Gradinaru: UNIVERSITY OF BUCHAREST
Zainea Loredana Nicoleta: DOCTORAL SCHOOL OF MANAGEMENT - THE BUCHAREST UNIVERSITY OF ECONOMIC STUDIES

Annals - Economy Series, 2020, vol. 5, 15-19

Abstract: Although banks have always been one of the engines of economic development, in such moments - a pandemic that affects the physical health of the population and the financial health of the economies - this role appears even more clearly outlined. The aim of this paper is to present the main financial government programs made available by banks from an emerging country to support its small and medium enterprises (SMEs) during the Covid-19 pandemic. The research is based on a quantitative method. The paper demonstrates that the Romanian banking and financial system is using dedicated government programs in order to financially support SMEs to survive during the difficult period generated by the pandemic.

Keywords: Covid-19 pandemic; Romania; government financial programs; banks; SMEs (search for similar items in EconPapers)
Date: 2020
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