The volume of new loans in the last three years and eight months is 8.25% higher than the non-governmental lending volume at the end of August 2023, almost RON379 million.
New loans in amount of RON89 billion were granted in the first eight months of 2023, more than in the entire 2020.
Banks have 2.2 million debtors and 15.4 million depositors at the moment, especially individuals but also legal entities that had almost RON548 billion in deposits in September 2023.
Looking at the return on equity (ROE), the banking sector is at the bottom of the ranking of economy sectors in Romania, 20th out of 24. The ROE of non-financial companies (average ROE of economic sectors) stood at 24% in 2022, while banks’ ROE stood at 16.4%.
Return on assets (ROA) of the banking system was 1.5%, almost five times lower than the average ROA of economy sectors, 7.1% in 2022.
(English version b Loredana Fratila-Cristescu)