Compared with the end of 2019, the number of banking sector employees grew slightly in the first quarter, but compared with the system’s peak in 2008, 25% of employees have left the system and nearly 40% of bank units have been closed.
The current coronavirus crisis could speed up restructuring in the banking sector.
Banks operating on the Romanian market had 53,169 employees at the end of the first quarter and the number of bank units stood at 3,970, according to central bank data.
Throughout 2019, over 320 bank units were closed and 631 employees left the system. In 2018, 214 bank units were closed and 1,307 employees left the system.