BNR: No Romanian bank has solvency rate under legal minimum level

The National Bank of Romania (BNR) says that “no bank from Romania has the solvency under the legal minimum level” and that there is “no reason to worry on the individuals and firms’ deposits safety of the banks from Romania”, after PM Tudose said that from 36 active banks, 18 are in the red and the tax administration agency ANAF has sent inspectors at two of them.

BNR says that it monitors the banks from prudence perspective, not legal, and when a bank registers losses, it takes measures, such as requests of capital input from banks “to bring the solvency and liquidity indicators at the level of well-functioning of a bank and the safety of the individuals and firms.”

BNR mentions that the “liquidity indicator is 250.5 percent, over the legal minimum level of 100 percent.”

The national bank adds that on June 30, the average solvency rate was around 19.8 percent, compared with the minimum regulated value, including on European level, of 8 percent and compared with the European average of 14 percent.

Previously, PM Tudose said that “we have 36 active banks, 18 on profit and 18 on loss. I think that we have to help them (…) we can develop a foundation to give them some money, I understand that they came here to help us. ANAF started controls in two of them. I am telling you very honestly and we’ll say officially: these banks don’t have a profit, from a year, two, three or four, I don’t know if it’s very “safe” to keep your savings there. If a bank it’s not on profit, doesn’t it risk to go to bankruptcy?”