The Romanian banking sector restructuring and the economic recovery

Cătălin Emilian HUIDUMAC Petrescu and Alina Pop
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Cătălin Emilian HUIDUMAC Petrescu: Bucharest University of Economic Studies, Romania
Alina Pop: Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2015, vol. XXII, issue 3(604), Autumn, 207-218

Abstract: The Romanian economy is highly dependent on the financing coming from the banking sector. The total net assets of the banking system accounted for approx. 60% of the GDP in 2013. The increasingly integrated financial markets have facilitated the foreign capital inflows and the expansion of the Romanian banking system on the one hand, but on the other hand, it determined the transfer of the negative effects of the economic crisis on the domestic banking sector. Currently, the resumption of lending to companies and households along with a more balanced distribution on currencies of the new loans represents one of the main challenges of the banking sector in Romania. This article aims to analyze some of the changes in progress and the ones that already occurred after the economic and financial crisis in the Romanian banking system, and their impact on the recovery process.

Keywords: banking sector; regulations; economic growth; lending. (search for similar items in EconPapers)
Date: 2015
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