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Bank Industry Risk Analysis: Romania Mar 01
Standard & Poors, March 2001
Abstract
A number of developments have improved the soundness of the Romanian banking system over the past couple of years, including the restructuring of state-owned banks, privatization of two of these, new prudential regulations, and tighter (but still ineffective) supervision. Romania's banking system has a very short operating history, and was converted to a two-tier from a single-tier structure in 1991. It has been a baptism of fire for the Romanian banks, especially for the large state banks that were spun off from the National Bank of Romania (NBR). Besides the restructuring of the banking system, the banks have had to cope with the transition of the Romanian economy from a command structure to a market-led economy. Although many of the...
Companies mentioned in this report are: Romania,National Bank of Romania,Banca Comerciala Romana
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Research Type: Commentary
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