The Romanian Banking System - Evolution and Transition After the Crisis Generated by COVID 19 and the War in Ukraine

Roxana Daliana Schiop ()
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Roxana Daliana Schiop: West University of Timisoara, The Doctoral School of Economics and Business Administration, Romania

Ovidius University Annals, Economic Sciences Series, 2022, vol. XXII, issue 2, 1027-1035

Abstract: The period of the pandemic has shown that, in times of crisis generated by tensions and shortages, flexibility in decision-making and how to manage resources, It has had the consequence of counteracting the dysfunctions in terms of banks’ policies in relations with clients and partners. At the same time, it has increased the effectiveness of bank management efforts in achieving the preestablished objectives. Of the other part, The very uncertain economic context generated by Russia’s war against Ukraine and the risk of regional spillovers could affect the financial institutions in the euro area and especially those in Romania. The exclusion of a part of the russian banks in SWIFT and the financial sanctions imposed on the Russian Federation have It has forced banks to be more restrictive in terms of openness to customers who operate with Russia. The scientific research makes an analysis and a comparison of the financial indicators for the banking sector in Romania in the light of the major events that have taken place lately.

Keywords: banking institution; the banking financial system; financial ratios; economic crisis; monetary policy (search for similar items in EconPapers)
JEL-codes: E42 G21 G28 M41 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:1027-1035

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