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March 1, 2021

Banks might bring EUR 1 bln worth of capital at BNR

The stress tests conducted by the National bank of Romania (BNR) relying on financial data from late last year point to commercial banks needing additional capital of at most EUR 1 bln, once the solvability rate rises from 8 per cent to 10 per cent this coming September. ‘Stress tests have been conducted with a methodology slightly changed, which was negotiated with the International Monetary Fund (IMF) and based on the financial indicators of late 2008, yet according to figures corresponding to Romanian accountancy standards. We want solvability to be calculated according to international standards, as it happens everywhere. Until September, when the 10 per cent solvability cap is most likely to come into effect, things can still change,’ banking market sources told Mediafax. According to BNR, talks have begun with each bank, yet it did not supply the macroeconomic script that stood at the root of stress tests for calculating the adequacy capital rate (solvability is the ratio between own funds and risk-moderated assets), only saying the data had been agreed with the IMF.

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