Bankers expect the intensification of crediting (77 per cent) and the improvement of the financial performance of the main lines of services, particularly retail (80 per cent) and corporate banking (62 per cent), the ARB & EY Banking Barometer 2015 shows.
EY Romania has published, in partnership with the Romanian Banking Association (ARB), the second edition of the banking industry index dubbed the ARB & EY Banking Barometer, a survey whose questions were addressed to the leaderships of ARB member banks. Banks that total an asset-wise market share of approximately 90 per cent took part in this year’s survey.
“The ARB & EY banking barometer is a valuable benchmarking instrument that reflects the way banking system leaders forecast the outlook of the economic, legislative and regulatory environment over the next 12 months, the outlook of the clients’ trends and expectations, and the implications of these outlooks for the institutions they lead,” ARB Chairman of the Board Sergiu Oprescu stated.
Approximately 77 per cent of the respondents expect the crediting activity to intensify and, although this percentage is smaller than it was in 2014 (80 per cent), the percentage of those who expect a significant growth in crediting doubled compared to 2014. The expectations are more positive than in the rest of the European countries included in the survey, where only 51 per cent of the respondents have such expectations. The legislative framework pertaining to insolvency and its implementation continues to be the main aspect that deters crediting for 95 per cent of the respondents, up by 10 percentage points compared to 2014.