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The Banking System in Romania

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  • Vilijencova Nicoleta

    (“1st December 1918†University of Alba Iulia)

Abstract

This paper presents aspects referring to the Romanian banking system, both through its structure and functions, as well as through the specific legislation, respectively of operations carried out by banking companies nationally. The Romanian banking system is consisted in the whole body of banks which activate in the economical framework in a certain period of time. The banks existent in each state have a very important role in the functionality of the economy of that state, both because they credit the entities which do not command the financial resources necessary for developing their activity and because they mediate the payments in economy and interact with other international banking bodies. The operations specific to the banking companies are provided in the national legislation in effect; they can range from attracting deposits, offering credits, financial leasing and services of money transfer to renting safety boxes.

Suggested Citation

  • Vilijencova Nicoleta, 2018. "The Banking System in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 712-717, December.
    • Handle: RePEc:ovi:oviste:v:xviii:y:2018:i:2:p:712-717
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2019/02/28-2.pdf
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    References listed on IDEAS

    as
    1. Anişoara Niculina Apetri, 2007. "Role And Importance Of The Banking System In Economy," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 6(6(511)(su), pages 293-296, June.
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    Cited by:

    1. ahmadyan , azam & Ghasemi Ali Abadi , Mehdi, 2021. "Relationship between Corporate Governance and Risk Management," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 16(4), pages 447-476, December.

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      More about this item

      Keywords

      banking system; banks; operations; credit;
      All these keywords.

      JEL classification:

      • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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