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Romania: Financial Sector Assessment Program

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  • International Monetary Fund

Abstract

This paper assesses the stability of the Romania’s financial system. Romania’s financial sector has strengthened significantly over the last few years. Effective supervisory measures have helped reduce the high level of nonperforming loans from 21.9 percent at its peak in 2013 to 6.4 percent as of December 2017. Foreign-owned banks’ dependence on parent funding has significantly declined, while deposits from the domestic private sector have increased, reducing liquidity risks. Banks’ capital buffers strengthened, on the back of a slowdown of credit and low interest rates, with an average capital to risk-weighted assets now above 18 percent. However, some vulnerabilities are emerging, and policy action is needed to address these risks and strengthen financial stability.

Suggested Citation

  • International Monetary Fund, 2018. "Romania: Financial Sector Assessment Program," IMF Staff Country Reports 2018/160, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2018/160
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    Citations

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    Cited by:

    1. Claudia Gabriela Baicu, 2019. "Regular Banking System versus Shadow Banking System. A Comparative Assessment of Evidence from Romania," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 8(4), pages 24-41, December.
    2. Syarifuddin, Ferry, 2020. "Macroeconomic Consequences of Foreign Exchange Futures Market for Inflation Targeting Economies," MPRA Paper 104810, University Library of Munich, Germany.
    3. Syarifuddin, Ferry & Izzulhaq, Syahid, 2020. "The Effectiveness of Futures-based Foreign Exchange Intervention: Comparative Studies of Brazil and India," MPRA Paper 104709, University Library of Munich, Germany.
    4. Artak Harutyunyan & Carlos Sánchez Muñoz, 2019. "The IMF balance sheet approach: towards from-whom-to-whom information on cross-border portfolio securities," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Are post-crisis statistical initiatives completed?, volume 49, Bank for International Settlements.

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