Access to funding
29 October 2014
The National Bank of Romania is the central bank of Romania. It is an independent public institution, with its headquarters in the city of Bucharest.
Starting from January 1, 2007, with Romania's accession to the European Union, the National Bank of Romania became a member of the European System of Central Banks (SEBC), and the Governor of the BNR, a member of the General Council of the European Central Bank (BCE).
The central bank has the exclusive competence of authorization and regulation in the banking field and is responsible for the prudential supervision of credit institutions, in order to ensure the operation and viability of the banking system.
Since December 2015, the BNR is the national resolution authority for the banking sector.
The European Banking Authority (EBA) is an independent EU authority whose objective is to ensure an effective and consistent level of prudential regulation and supervision throughout the EU banking sector. Its general objectives are to maintain financial stability in the EU and ensure the integrity, efficiency and proper functioning of the banking sector.
The EBA is part of the European System of Financial Supervisors (SESF), made up of three supervisory authorities: the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Occupational Insurance and Pensions Authority (EIOPA). The system also includes the European Committee for Systemic Risk (ESRB), as well as the Joint Committee of National and European Supervisory Authorities.
In the period January - December 2023, the current account of the balance of payments recorded a deficit of 22,694 million Euros, compared to 26,040 million Euros in the period January - December 2022. In its structure, the balance of goods recorded a deficit smaller by 2,990 million Euros, the balance of services recorded a larger surplus by 204 million Euros, the balance of primary incomes recorded a smaller deficit by 9 million Euros, and the balance of secondary incomes recorded a larger surplus by 143 million Euros.
Direct investments by non-residents in Romania totaled 6.587 million Euros (compared to 10.039 million Euros in the period January - December 2022), of which equity participations (including estimated net reinvested profit) totaled a net value of 6.548 million Euros, and intragroup loans recorded a net value of 39 million Euros.
The long-term external debt service rate was 17.4 percent in the period January - December 2023, compared to 17.9 percent in 2022 .The degree of coverage of imports of goods and services as of December 31, 2023 was 5.6 months, compared to 4.4 months as of December 31, 2022.
The degree of coverage of short-term external debt, calculated at the residual value, with the foreign exchange reserves at the NBR on December 31, 2023 was 97.4 percent, compared to 82.4 percent on December 31, 2022.
Credit Bureau is an institution that has as shareholders 20 banks that collect information about the banks' customers in order to obtain a clear record of how in which installments are paid, who pays, who doesn't.
The bank will notify you with 15 days in advance that you are late with the payment of an installment and that it will transmit this information to the Credit Bureau.
If you need to avoid appearing with a negative history, you can submit a request to be removed from the blacklist and it's completely free. The condition for the bank to report you to the Credit Bureau is to be notified. So, there's no way you'll have any surprises and find out you're on the list and you had no idea.
You cannot ask the bank to be removed from the list, because the Credit Bureau is only a database, an intermediary between you and the bank. You must contact the Credit Bureau directly.
