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Minister: Romania”s Banking System Needs Restructuring

Minister: Romania''s Banking System Needs Restructuring
The Romanian banking system needs be downsized and banks should reevaluate their costs, fees and interest rates, said Economy Minister Varujan Vosganian.

The Romanian banking system needs be downsized and banks should reevaluate their costs, fees and interest rates, said Economy Minister Varujan Vosganian.

Speaking at a conference organized by Ziarul Financiar, the minister said banks should face a restructuring process and evaluate their costs and fees.

He added that lending rates are higher than the key interest rate and this gap must be reduced.