|Financial Market Development|
|3.7 (max 7.0), 88th out of 138 countries|
|4.6 (max 7.0), 79th out of 138 countries|
According to World Economic Forum's Global Competitiveness Report 2017-2018, financial market development in Romania is scored 3.7 out of maximum 7.0 and ranked 88th out of 138 analysed economies, trustworthiness and confidence of financial market is scored 4.7 (42nd place).
Chart 1. Financial Market Development in Romania. Source: WEF.
Soundness of banks is scored 4.6 bringing Romania into the 79th place.
Chart 2. Soundness of Banks in Romania. Source: WEF.
|Maximum Protected Amount|
|100 000 EUR|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
From a depositor's point of view it is important to know:
All these details about deposit guarantee scheme in Romania are summarised in Table 1.
|Scheme Participants||all credit institutions operating in Romania, branches of non-EU banks, branches of Romanian banks abroad|
|Scheme Exemptions||branches of EU-banks (covered by their home countries)|
|Eligible Depositors||natural persons, legal entities|
|Covered Accounts||any credit balance, including due interest|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||RON|
Table 1. Deposit guarantee scheme in Romania.
Moody's country ceilings for deposits specify the highest rating that can be assigned to local- or foreign- currency denominated deposit obligations of a bank or other deposit taking institution domiciled within that country.
|Local Currency (Romanian new leu)|
|A3 (upper medium grade)|
|Baa3 (lower medium grade)|
Local currency (Romanian new leu) deposit ceiling for Romania is set to A3 (upper medium grade), foreign currency deposit ceiling is Baa3 (lower medium grade).
|Average Deposit Rate (Dec 2017, RON)|
|0.78 % (Nov 2017: 0.76 %)|
Chart 3. Deposit Rates in Romania. Source: ECB.
|Number of Banks|
|Consolidated Assets (2016)|
|88 202.04 mln EUR (+4.32%)|
|Recent Changes (2016)|
|new banks: 1, closed banks: 0|
Currently there are 37 credit institutions operating in Romania.
In 2016 consolidated banking assets in Romania were 88 202.04 mln EUR. The consolidated banking assets' evolution is shown at Chart 4 below.
Chart 4. Consolidated banking assets in Romania.
Recent structural changes (2013 - 2016) of the banking sector of Romania are summarised in Table 2.
|Number of Opened Banks||1||2||0||1|
|Number of Closed Banks||1||1||3||0|
Table 2. Recent structural changes in the banking sector of Romania.
The list of the most recently opened banks in Romania is provided in Table 3.
|ALIOR BANK SA VARSOVIA-SUCURSALA BUCURESTI (new)||May 2016|
|TBI Bank EAD Sofia - Sucursala Bucuresti (new)||May 2014|
|Veneto Banca Spa Italia Montebelluna Sucursala Bucuresti (closed)||May 2014|
|THE ROYAL BANK OF SCOTLAND PLC, EDINBURGH, - SUCURSALA ROMANIA (closed)||April 2013|
Table 3. The most recently opened banks in Romania.
All the credit institutions operating in Romania can be classified into several categories. Table 4 summarises the number of banks in each category.
|Category||Number of Banks|
|Branches of foreign banks||6|
|Housing savings banks||2|
There are 6 branches of foreign banks from 6 different countries in Romania. Table 5 shows the number of branches grouped by the country of origin.
|Country of Origin||Number of Branches|