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Financial Services Report Romania Product Image

Financial Services Report Romania

  • Published: June 2014
  • Region: Romania
  • 22 Pages
  • The Economist Intelligence Unit

Financial stability has not been in question over the past year, but the financial sector will continue to face difficulties arising from significant cross-border deleveraging and high levels of non-performing loans (NPLs), which are having a negative impact on lending, asset quality and bank profitability. However, the economic recovery will continue in 2014, and gather pace from 2015, so that over the medium term the sector will develop rapidly.

Total financial assets of the whole economy were estimated to be equivalent to 237% of estimated GDP at end-2013, compared with 346% of GDP in Slovakia and 679% in Germany. They are forecast to rise to 323% by end-2018.

Credit institutions hold the largest share of the financial system's assets, followed by non-bank financial institutions and investment funds. In the first half of 2013 the share of credit institutions declined slightly, while that of investment funds and private pension funds increased.

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

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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