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.

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.