Romania: Financial Sector Assessment Program-Technical Note-Balance Sheet Analysis

International Monetary Fund

No 2018/162, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Note analyzes the macro-financial interlinkages, sectoral dependencies, and potential balance sheet vulnerabilities for all resident sectors in Romania. The financial sector size and interconnectedness have been increasing significantly. The overall amount of intra-financial sector exposures grew from five percent of GDP in 2008 to approximately seven percent of GDP in 2016. The banking system is at the center of intra-financial sector balance sheet connections, as an overall net borrower that channels funds to other domestic sectors. The funding of bank liabilities by domestic financial institutions has been rising and stood at close to 10 percent of banks’ nonequity liabilities in 2016. Moreover, banks are also exposed on the credit side to nonbank financial institutions, in particular to other financial institutions.

Keywords: ISCR; CR; corporate; FX; GDP; balance sheet analysis; bank; balance sheet exposure; FX buffer; sector balance sheet connection; FX exposure; sectoral balance sheets; balance sheet vulnerability; corporates in Romania; Financial statements; Commercial banks; Financial sector; Loans (search for similar items in EconPapers)
Pages: 12
Date: 2018-06-08
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