Romania’s banking sector has been posting impressive results over the past few years, aided by a strong domestic economy, but regulatory uncertainty and increasing concerns over a global slowdown – at a time of rising domestic government spending – are creating a sense of trepidation.
Meanwhile, a controversial tax on banking sector assets, enacted in late 2018, has added to the unease and altered many banks’ investment plans, even after the bill was watered down. Even so, many believe the banks are in a far better position to overcome future challenges than they were in the past.
