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The Impact Of The Financial And Economic Global Crisis Over The Romanian Banking System

Author

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  • Ciobanu (Sireteanu) Elena

    (Banca Nationala a Romaniei, Facultatea de Economie si Administrarea Afacerilor)

Abstract

This paper analyzes the evolution of the Romanian banking system during 2007 - 2010 compared to the same segment of financial market dynamics in the Member States. Also seeks to detect the effects of the global financial and economic crisis on lending activity, the management of liquidity risk and thereby the effect on the profitability of the Romanian banking sector and outline the prospects of further development. The macroeconomic and financial international background has undergone negative changes, especially in the autumn of 2008. Romania\'s financial system has evolved but strongly marked by the virulent manifestations of global financial and economic crisis. The banking system which is the dominant component in the financial system is well capitalized, has resisted, until now, these pressures, without recording any bankruptcy. As a lending crunch from the increase in provision expenses, against the backdrop of bad loans it seems to be a poor performance of the banking system for the future period, taking into account the negative financial result recorded at the end of 2010. Given the high degree of capitalization, liquidity level indicators, on this, consider that local banks are well placed to support the real economy on long-term lending conditions imposed by prudential regulations in the field. Currently, at the level of the Romanian banking system, we consider it is necessary to continue the measures imposed by the monetary authority to ensure the reduction of uncertainty and reassure market participants in future developments, as trust is the essential factor for the crisis. In this sense, we consider very important the debate, the direct involvement of representatives of the central bank and academic themes reflecting the current state of the Romanian financial system, lessons learned from the crisis and Romania\'s objectives for the future - providing a sustainable process of nominal and real convergence of the Romanian economy - towards European integration in a not too distant horizon.

Suggested Citation

  • Ciobanu (Sireteanu) Elena, 2011. "The Impact Of The Financial And Economic Global Crisis Over The Romanian Banking System," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 406-412, December.
    • Handle: RePEc:ora:journl:v:1:y:2011:i:2:p:406-412
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    References listed on IDEAS

    as
    1. Stolz, Stéphanie Marie & Wedow, Michael, 2010. "Extraordinary measures in extraordinary times: public measures in support of the financial sector in the EU and the United States," Occasional Paper Series 117, European Central Bank.
    2. Richhild Moessner & William A Allen, 2010. "Banking crises and the international monetary system in the Great Depression and now," BIS Working Papers 333, Bank for International Settlements.
    3. Stolz, Stéphanie Marie & Wedow, Michael, 2010. "Extraordinary measures in extraordinary times: Public measures in support of the financial sector in the EU and the United States," Discussion Paper Series 1: Economic Studies 2010,13, Deutsche Bundesbank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial crisis; Romanian banking system; non-performing loans; profitability;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G2 - Financial Economics - - Financial Institutions and Services
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

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