Romania's Banking System Seen as Strengthening, But Risks Remain Nov 03
- ID: 2051712
- November 2003
- Region: Romania
- Standard & Poors
PARIS (Standard & Poor's) Nov. 19, 2003--Romania's banking sector is moving toward greater stability and creditworthiness, but the economic and industry risks facing the system remain high, according to a report published today by Standard & Poor's Ratings Services. "Political stability and improved economic management have supported relatively strong banking industry growth over the past three years," said Standard & Poor's credit analyst Ekaterina Trofimova, one of the authors of the report. "This growth has been enhanced by increased liquidity as confidence in the banking system has improved, and by increased foreign participation and a reinforced supervisory framework." Romania's banks have experienced rapid loan growth in recent years: Annual lending growth reached 30% in real terms in 2002, and maintained...
Companies mentioned in this report are:
- Banca Comerciala Romana
Action: S&P Event
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Research type: News
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