Career Advice Detail Europe

Banking

Overview

Romania’s economy grew by 7% in 2017, the second fastest in the EU. The Romanian banking sector maintained its structural stability during 2016, the level of the solvency and liquidity ratios standing at adequate levels with the quick ratio being 40%. The solvency ratio across the banking sector stood at 19.83% at the end of June 2017.

For the banking market, 2016 was the first year of the real operational profitability that banks had not had for a couple of years now, contemplating the going down of risk costs.

About 91% of the banking sector’s assets (approx. €87 billion) are held by institutions with foreign capital according to the NBR data for June 2017. The banking sector is marked by a period when mergers and acquisitions lead to more concentration, the number of credit institutions in the Romanian banking sector being currently 36 compared to 43 banks before the crisis.

The banking sector totalled about 4,841 outlets, while the number of employees was about 55,400 at the end of December 2016.

The average number of employees working in the banking sector was almost 58,000 between 2012 and 2016, and the sector has also contributed to hiring over 51,000 employees in other sectors. Local banks paid total gross salaries worth RON 23 billion (EUR 5.1 billion) in the five years of the analysed period. The average gross salary in the banking industry was double the average gross wage in Romania and higher than in 90% of the other sectors of the economy.
　