BANKING SYSTEM
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Alpha Bank Romania Head: Banking System Absorbed Major Shocks During The Crisis
The Romanian banking system is overpopulated, but it has managed to successfully absorb major shocks during the economic crisis, Alpha Bank president Sergiu Oprescu said Thursday.
Bancpost CEO Says Romanian Banking System ‘Robust, But Oversized’
Romania has a strong and stable banking system, but it is rather oversized compared with the number of the active population, said Anthony Hassiotis, chief executive of Bancpost and of the l...
Competition Council Says Economic Crisis Led To Banking Market Concentration
The level of concentration in the banking market has increased since the beginning of the economic crisis, mainly because certain competitors disappeared from the market, according to a repo...
Georgescu: Banking System Is Solid, No Need For Bridge Bank
Romania has a solid, well-capitalized banking system and it is unlikely that the central bank will have to use its recently introduced bridge bank any time soon, despite the deteriorating si...
Moody’s: Romanian Banks Under Increasing Outside Pressure
Moody’s Investors Service Monday warned Romanian banking system could come under increasing pressure due to the escalation of the European banking and sovereign debt crisis.