Romanian banking turned out to be the most solid field in the Romanian economy, reads the study on Romania, evaluation report on protection and education of financial service consumers, which was presented on Tuesday in Bucharest.Of the 41 banks working in Romania, 26 run a majority foreign capital and 10 of them are subsidiaries of some foreign banks. The WB appreciates that lately Romanian banking has turned out to be the most solid sector in the Romanian economy and the share of the bank assets in the GDP increased constantly, from 36.4 percent in 2004 to 50.4 percent in 2006, when the banking system used to own 83.5 percent of all the financial assets.
The first five banks (the Romanian Commercial Bank, the Romanian Development Bank, Raiffeisen Bank Romania, HVB Ion Tiriac and the Transilvania Bank) own 60.3 percent of the aggregate assets, 63.5 percent of all the loans that were granted, 58.4 percent of all the deposits, 34.9 percent of the state bonds, estimates the WB.
Consumer credits increased at a pace of 74 percent in 2007, similarly to the real estate and mortgage loans (80 percent), a fact that was a reason of concern for the National Bank of Romania, thinks the WB.
