Q: How did the Romanian banking sector perform in 2021 and what do you expect for 2022?
A: Last year was the seventh straight year of profit making for Romanian banks, with the return-on-equity above 13%, while the pandemic hardly left a mark as far as non-performing loans (NPLs) are concerned. NPLs ticked up to 4.4% in mid-2020 from 4.1% at end-2019, before declining to 3.5% at end-2021.