Romania’s banking sector is on fire. After years in which Romanian banks acted more as investment funds, buying up the government’s local currency bonds, they now seem to have rediscovered their principal raison d’etre.
On the back of strong economic growth and lower inflation, lending has resumed to the extent that it has raised the concern of the National Bank. Deposits are growing and new banking products appearing. Capital markets are booming, mortgages are preparing to do the same and business plans for pension funds are being drawn up.
