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September 29, 2020

Romanian banking system lags behind regional counterparts

The Romanian banking system falls behind those of countries in Central Europe, with the lower brokerage level due to lack of rural services, and the problems bank shareholders are facing don’t offer good prospects either, Mediafax quoted Claudiu Cercel, assistant general manager BRD, said. In Cercel’s view the low level of “savings in Romania, compared to other countries, is another reason for the poor performance by the Romanian banking system – both with respect to deposits and collaterals held by entities.

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