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Bank Industry Risk Analysis: Romania Nov 03
Standard & Poors, Nov 2003
Abstract
The banking sector in the Republic of Romania (local currency BB+/Positive/B, foreign currency BB/Positive/B) is moving toward greater stability and creditworthiness, although the economic and industry risks facing the system remain high. Political stability and improved economic management have supported relatively strong banking industry growth over the past three years. This growth has been enhanced by increased liquidity as confidence in the banking system has improved. The industry has also benefited from increased foreign participation and a reinforced supervisory framework. Nevertheless, further reforms are required to improve the regulatory and market environment facing Romanian banks, in particular with regard to EU accession, planned for May 2007. The dominance of the state sector has declined and state banks' balance sheets have...
Companies mentioned in this report are: Romania,Banca Comerciala Romana
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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