MEASURING THE BANKING COMPETITIVENESS. A CASE STUDY OF ROMANIA

Daria Maria Sitea and Carolina Timbalari
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Daria Maria Sitea: Lucian Blaga University of Sibiu
Carolina Timbalari: Lucian Blaga University of Sibiu

Revista Economica, 2022, vol. 74, issue 2, 59-69

Abstract: In today s economy, the banking industry is crucial in determining the standard of living. The Romanian economy has recently shown a reliance on bank finance, with the banking industry s key goals being to strengthen customer focus, foster digital transformation, and meet consumers needs as they relate to current trends. The COVID-19 pandemic had a significant impact on the Romanian economy, forcing it to overcome new obstacles in the banking sector. Thus, in order to manage their competitiveness, banks must create a resilience strategy. According to the financial reports, the most profitable Romanian banks in 2021 are: Banca Transilvania (BT), Banca Comercială Română (BCR) and Banca Română pentru Dezvoltare (BRD). These banks have the highest profit margins, with a cumulative 3.5 billion RON, which equates to 55% of the banking profit gain. This paper s primary goals are to: (1) provide a cumulative analysis of banking competitiveness and its key driving factors; and (2) examine the three major commercial banks of Romania - BT, BCR and BRD. Regarding to the five key indicators of banking competitiveness—total assets, net profit, market share, number of branches, and employees—we aimed to conduct a quick analysis of those three largest commercial banks in Romania. These institutions have a direct impact on the whole Romanian banking industry.

Keywords: Competitiveness; Corporate Competitiveness; Romanian Banking Sector; COVID-19 Pandemic; Commercial Bank (search for similar items in EconPapers)
JEL-codes: E58 F30 G21 L25 P47 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:74:y:2022:i:2:p:59-69

DOI: 10.56043/reveco-2022-0018

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