The Banking System in Romania

Vilijencova Nicoleta ()
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Vilijencova Nicoleta: “1st December 1918†University of Alba Iulia

Ovidius University Annals, Economic Sciences Series, 2018, vol. XVIII, issue 2, 712-717

Abstract: This paper presents aspects referring to the Romanian banking system, both through its structure and functions, as well as through the specific legislation, respectively of operations carried out by banking companies nationally. The Romanian banking system is consisted in the whole body of banks which activate in the economical framework in a certain period of time. The banks existent in each state have a very important role in the functionality of the economy of that state, both because they credit the entities which do not command the financial resources necessary for developing their activity and because they mediate the payments in economy and interact with other international banking bodies. The operations specific to the banking companies are provided in the national legislation in effect; they can range from attracting deposits, offering credits, financial leasing and services of money transfer to renting safety boxes.

Keywords: banking system; banks; operations; credit (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xviii:y:2018:i:2:p:712-717

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