OUTSTANDING DEVELOPMENTS IN THE ROMANIAN BANKING SYSTEM

The Romanian banking system, after 1990, went through several stages in order to adapt to a new economic context, respectively to the necessary adjustment to the transition from centralized economy to market economy, and then, after the year 2000, adapting to meet the European Union’s membership requirements, and later, after 2007, adapting to adopt the euro currency. These events to which the Romanian banking system must adapt are known events. To which, however, join contingencies related to the onset and manifestation of the international financial crisis, events with direct impact on the banking system in Romania that determined changes both in the banking regulations, and in the structural level. This paper aims to analyze the main features of the Romanian banking system, based on the legislative changes that have taken place, looking at the structural changes in terms of capital and its origin country, looking at the degree of banking intermediation, following that at the end of this paper to analyze the evolution of the non-governmental credit, the latter being the motive for the bank’s asset growth and also the element that caused the manifestation of the credit risk and the current existence of a very high percentage of bad loans.