DEVELOPMENTS IN THE ROMANIAN BANKING SYSTEM

Stănescu Cristina and Nedelescu Mihai
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Stănescu Cristina: Romanian-American University
Nedelescu Mihai: Romanian-American University

Romanian Economic Business Review, 2010, vol. 5, issue 4-1, 97-103

Abstract: The evaluation of the present offer of banking products and services in the developed countries as well in the emerging ones shows the extent to which they fulfill or not the principles specific to social responsibility and ethics in economics. The Romanian banking system, currently one of the markets with the lowest penetration in EU has posted sustained growth for the past years. Client confidence in financial institutions is increasing, and the system’s dynamics is attracting new foreign players, which have an easier market access since Romania’s EU entry. Competition is expected to heat up, resulting in pressure on margins and diversified product portfolios, which ultimately benefit the end consumer.

Keywords: banking system; banking strategies; distribution channels (search for similar items in EconPapers)
Date: 2010
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