Romania to assess its bank assets by European standards in 2017

Romania’s National Bank BNR will evaluate the bank assets next year fully using the European methodology. This would complete a set of measures meant to reduce the rate of non-performing loans (NPLs) in the local banking system, according to BNR Governor Mugur Isarescu. Romania has managed to keep its banks stable and lower NPLs without setting up bad banks or granting state aid or guarantees. It has also been running independent audits on banks yearly. Isarescu believes Romania should be a model in the region for the measures it took, and for its banking situation, and these have been highlighted in monitoring meetings by the European Commission and the International Monetary Fund IMF. editor@romania-insider.com