Romanian banks need structural transformation to maintain profitability as interest rates normalize – Kearney analysis
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Romania’s retail banking sector is entering a more demanding phase than many of its European peers, as the normalization of interest rates overlaps with domestic fiscal, economic and political pressures, according to the 18th edition of Kearney’s European Retail Banking Radar. Local banks must navigate a high fiscal deficit, planned fiscal consolidation measures, weak economic growth, inflation above the EU average, pressure on households’ disposable income, downgrade risk, rising external
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