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Economy and Banking Sector of Romania

Financial Market Development

Financial Market Development
3.7 (max 7.0), 88th out of 138 countries
Banks' Soundness
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).

Financial Market Development in Romania.

Chart 1. Financial Market Development in Romania. Source: WEF.

Soundness of banks is scored 4.6 bringing Romania into the 79th place.

Soundness of Banks in Romania.

Chart 2. Soundness of Banks in Romania. Source: WEF.

Further Information

Deposit Guarantee Scheme

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:

  • if the depositor is eligible within the terms of the deposit guarantee scheme;
  • if the depositor's bank is a participant in the deposit guarantee scheme;
  • if the depositor's type of deposit is covered by the deposit guarantee scheme.

All these details about deposit guarantee scheme in Romania are summarised in Table 1.

Scheme Participantsall credit institutions operating in Romania, branches of non-EU banks, branches of Romanian banks abroad
Scheme Exemptionsbranches of EU-banks (covered by their home countries)
Eligible Depositorsnatural persons, legal entities
Covered Accountsany credit balance, including due interest
Maximum Protected Amount100 000 EUR
Paid In CurrencyRON

Table 1. Deposit guarantee scheme in Romania.

Further Information

Country Ceiling for Deposits

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)
Foreign Currency
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).

Deposit Rates

Average Deposit Rate (Oct 2018, RON)
1.69 %  (Sep 2018: 1.54 %)
In October 2018, an agreed annualised deposit rate in local currency (Romanian new leu) of new contracts with agreed maturity up to 1 year between credit institutions and households was 1.69%.
Deposit Rates in Romania.

Chart 3. Deposit Rates in Romania. Source: ECB.

Further Information

Banking Supervision

National Bank of Romania

Banking Sector Structure

Number of Banks
Consolidated Assets (2017)
93 739.25 mln EUR  (+6.28%)
Recent Changes (2017)
new banks: 0, closed banks: 0

Currently there are 39 credit institutions operating in Romania.

In 2017 consolidated banking assets in Romania were 93 739.25 mln EUR. The consolidated banking assets' evolution is shown at Chart 4 below.

Consolidated banking assets in Romania.

Chart 4. Consolidated banking assets in Romania.

Recent structural changes (2013 - 2017) of the banking sector of Romania are summarised in Table 2.

Number of Opened Banks12010
Number of Closed Banks11300

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.

All the credit institutions operating in Romania can be classified into several categories. Table 4 summarises the number of banks in each category.

CategoryNumber of Banks
Branches of foreign banks9
Central banks1
Housing savings banks2

Table 4. Number of banks by category in Romania.

There are 9 branches of foreign banks from 8 different countries in Romania. Table 5 shows the number of branches grouped by the country of origin.

Country of OriginNumber of Branches

Table 5. Number of branches of foreign banks in Romania grouped by country of origin.