The central bank says that the assets per employee have gradually gone up in the past nine years from the EUR1.2 million in December 2008, because of the increase in the banks’ assets and of the reduction in the number of employees, which resulted in an improvement in efficiency.
The increase in sustainable financial intermediation, the use of technology, as well as the constant training of the personnel are some of the solutions Romania’s central bank sees for improving the efficiency of the bank employees in order to attain the profitability goals of the banking sector.
“The adequate training of the employees can help lower the non-performing loan level, the need to restructure loans and supports medium and long-term profitability of banks. The banks in Romania that allocated a higher portion of their personnel spending to training before the crisis (2007), experienced lower rates of the non-performing loan ratio increase afterwards,” Romania’s central bank says.
The major banks in Romania included in the survey of the European Banking Authority remained among the most profitable lenders in Europe, after having cleaned up most of their NPL problem, with the return on equity being almost five times than the EU average, 3.3%.
(English version by Loredana Fratila-Cristescu)