Romanian Banking Sector Highly Centralized

Businessn.a. ♦ Published: November 9, 2013; 18:05 ♦ (Vindobona)

The EBRD has observed a high proportion of banks reporting that the parent bank´s influence is high.

Romanian Banking Sector Highly Centralized / Picture: ©

The bank branch coverage of Romania is extensive with the whole of the country serviced by a combination of foreign and domestic banks. Outside of Bucharest, foreign-owned banks are mostly concentrated in the regional capitals with domestic banks reaching deeper into the market. Foreign banks are perceived as strong competitors for small and medium-sized enterprise (SME) and…