Consolidations in the banking system cannot be avoided
The local banking system will undergo major changes next year, according to OTP Bank’c CEO, but credit institutions in the local market will not be facing any problems as the regulations and supervisory operations carried by National Bank of Romania are reasonable.
“We will surely witness major consolidations in the banking system, many units will shut down, but banks in Romania won’t be facing the same problems as UK as they are under strict supervision”, Laszlo Diosi explained.
National Bank of Romania has imposed to banks a capital adequacy ratio of 10%, although the regulation provides a minimum level of only 8%.
“In other countries, for example, a card overdraft may be equal to 5 salaries, while in Romania it is accepted less than one salary, which is a difference”, Diosi stressed.
“We will surely witness major consolidations in the banking system, many units will shut down, but banks in Romania won’t be facing the same problems as UK as they are under strict supervision”, Laszlo Diosi explained.
National Bank of Romania has imposed to banks a capital adequacy ratio of 10%, although the regulation provides a minimum level of only 8%.
“In other countries, for example, a card overdraft may be equal to 5 salaries, while in Romania it is accepted less than one salary, which is a difference”, Diosi stressed.