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Financial Services Report Romania

  • ID: 2139176
  • July 2016
  • Region: Romania
  • 20 Pages
  • The Economist Intelligence Unit
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Financial stability has not been in question in Romania over the past year, but the financial sector will continue to face difficulties arising from crossborder deleveraging, significant exposure to Greek debt and high levels of bad loans, which are having a negative impact on lending, asset quality and bank profitability. However, the economy picked up in 2015 and The Economist Intelligence Unit expects this recovery to continue: we forecast real GDP growth of 4.5% in 2016, up from an estimated 3.8% in 2015.

Romania has a significantly smaller financial sector than its EU partners. Finance and insurance accounted for just 3.4% of GDP in 2015, compared with 4.8% for the EU as a whole, according to Eurostat. The industry employed only 1.3% of Romanian workers, half the 2.6% recorded in the EU overall.

Credit institutions hold the largest share of the financial system's assets, followed by non-bank financial institutions and investment funds. Bank lending and investment fund assets both grew in 2015.

Industry List: Asset management, Financial Services, Banking, Financial Services, Financial markets and instruments, Financial Services, Financial regulation, Financial Services, Financial Services, Financial Services, Insurance
Industry Codes (NAIC): 52
Industry Codes (SIC): 60

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Financial Services Report Romania

Financial services report
Overview

Banks

Insurers

Asset managers

Financial markets and instruments

Financial regulation
Overview
Regulatory watchlist

Monetary and currency policy: Monetary policy

Monetary and currency policy: Exchange rates

Romania at a glance

Fundamental indicators

Key contacts

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Note: Product cover images may vary from those shown

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