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March 31, 2023

Romania, most exposed country in region to banking activity restructuring

Romania is most exposed country in the region to a restructuring of banking activity in the years to come, according to a UniCredit report quoted by Money.ro. In the event that banks withdraw funds from Romania, credit growth will be sliced by a third. At the opposite end of the spectrum, Turkey and Russia will see the sharpest growth in loans in the following years and will not be facing any risk of a reduction in banking activity. The slowdown of global economy will take its toll on Central and Eastern European economies, UniCredit analysts argue in their report concerning the prospects of the banking sector. Romania is, alongside Hungary, Croatia, Slovenia and Slovakia, among the countries where there is the risk of a negative impact. These issues, compounded by the Romanian banks’ dependence on funding by shareholders, make Romania the most vulnerable country in the region to a possible restructuring of banking activity in the years to come.

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