Romania’s central bank sanctioned 4 local banks in 2019

The National Bank of Romania (BNR) has sanctioned four banks this year with written warning and fine for failing to meet prudential requirements or inappropriate reporting, BNR data show.

The four banks are Credit Europe Bank, BCR Banca pentru Locuinte, Banca Comerciala Feroviara and Bank Leumi Romania.

Credit Europe Bank and Banca Comerciala Feroviara were sanctioned in March and July, respectively, with written warning for failing to meet prudential requirements, while BCR Banca pentru Locuinte received the same sanction in June for exceeding the limit of 70 percent of the value related to the financing based on the saving-credit contracts.

Bank Leumi Romania was being fined RON 50,000 in July for the lack of provisions regarding the content, frequency and format of reporting regarding debt recovery through enforcement procedure.

Last year, Romania’s central bank sanctioned four banks with written warnings.