“The European Banking Authority has established the guidelines for computing the [accounting] indicators, so that all countries will be using the same measurements by the end of the year,” Olteanu told a conference organized by Ziarul Financiar.
“Central bank simulations show non-performing loans will fall to around 17% of total.”
At the end of 2013, non-performing loans in Romania equaled 21.87% of the total loans.
Olteanu said the new accounting indicator, which will allow banks to include state treasuries in their financial reports, will draw new investors to the Romanian distressed-debt market.