REFORMS OF ROMANIAN BANKS, AFTER 10 YEARS FROM THE FINANCIAL CRISIS

Marius Gust ()
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Marius Gust: “Constantin Brancoveanu” University of Pitesti, Romania

Contemporary Economy Journal, 2019, vol. 4, issue 4, 14-23

Abstract: Ten years after the financial crisis, which began in 2008, although the Romanian banking system lost about 10% of its size (the share of assets in GDP), it continues to be the main component of the Romanian financial system, with a share of three quarters. In regards to bank resources, we note a decrease in Romanian banks' dependence on the external environment, better financial autonomy of banks towards non-financial creditors, but also a shift of banking risk to the population and enterprises, which have increased their contribution to financing of banks' operations. The developments in Romanian banks' assets field indicate a decrease in banks' interest in Romania’s real economy, probably due to the increase in its risk. Also, Romanian banks preferred to obtain lower but risk-free incomes offered by the state to investments made for public debt financing and focused on placements outside Romania. Last but not least, a decrease in the liquidity of our banks due to the decrease in the claims on the NBR.

Keywords: banks; loans; deposits; capital (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:4:y:2019:i:4:p:14-23

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