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Romania has 10 banks of systemic importance

Romania’s banking system has 10 lenders of systemic importance, said Liviu Voinea, deputy governor of Romania’s National Bank (BNR).

These 10 banks will automatically enter exercises that evaluate the quality of their assets as well as stress tests. If these banks encounter problems, they will enter the resolution and recovery mechanism.

The lenders of systemic importance include BCR, BRD, UniCredit, Raiffeisen Bank, Banca Transilvania, ING Bank, Alpha Bank, Garanti Bank, CEC Bank and Bancpost. These banks can be subject to particularly high capital requirements, Voinea explained. Currently they don’t need additional capital.

The ten banks own 72 percent of the total assets in the local banking system, as well as 73 percent of all loans, 75 percent of government securities, and 75 percent of deposits.

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