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March 5, 2021

Loans-to-deposits ratio reaches 87 points, lending possible domestic savings

The banks operating in Romania have the capacity to fund lending based on domestic saving, considering that the loans-to-deposits ratio dropped below 100 points to 87 points in March 2016, Romanian Association of Banks (ARB) President Sergiu Oprescu told Monday’s Summer Banking Academy event organized by the Romanian Banking Institute.
He added that the degree of financial inclusion must increased, as it is still very low compared to the European Union’s average, ‘even if we had the highest growth, from 44pct to 61pc in 2011 – 2014. Still, a 61 pc indicator shows we are far behind. The EU average is 90pc.’
According to Oprescu, the said improvement will be possible once the financial education’s degree grows, a purpose for which the ARB has launched in January 2016 the Financial Education Platform, built on the involvement of implicating all Romania’s financial market entities.
‘The financial education platform aims at increasing the financial education level and boosting the dissemination degree of the outcome through programmes,’ explained Oprescu.

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