“The real premise of the balance-sheet cleanup is given by the pressure of the real economy and by the need to make profit rather than by a pressure stemming from a growing demand for loans,” Olteanu said told a banking conference organized by Mediafax.
He said banks will probably face a series of challenges when resuming lending, particularly since many local companies lack capitalization.
Asked whether the central bank plans to further reduce the level of its minimum reserve requirements, Olteanu said the minimum requirements would be lowered over the short and medium term, depending on the market liquidity.