BUSINESS

Raiffeisen: Romania, a strategic market for the main banks with foreign capital

The macro-economic environment proved challenging for the Romanian banking sector in 2011, according to Ionut Dumitru, the chief economist of Raiffeisen Bank. “The structure of the banking system did not suffer major modifications last year, and Romania will probably be further considered as a strategic market by the main banks with foreign capital,” he explained. As for the prospects of banking activity, Dumitru expects to see a modest increase of loans granted to the non-governmental sector in 2012, while the loans provided to companies will perform better than those granted to individual customers. “We consider the banking system as financially sound and well regulated, as the high levels of solvency and cash indicators allow it to absorb with minimal effects the possible shocks coming from foreign markets,” he concluded.  Also, despite the current turbulences in the Eurozone, which have also had their impact on Central and Eastern Europe (CEE), the CEE banking markets have proven to be more resilient than initially anticipated, the analysts of Raiffeisen Bank International AG (RBI) and Raiffeisen Centrobank AG (RCB) state in the newest edition of Raiffeisen Research’s annual CEE Banking Sector Report titled “Performing in challenging times.”

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