Arguably, Romanian banks survived quite well though the financial crisis and presented a strong solvency degree in a rather distressed macroeconomic climate. For instance, pursuant to the data published by the National Bank of Romania (NBR), in 2008 the banks active on the Romanian market were in compliance with the capital adequacy requirement of 8% and at the end of the same year, had an average capital adequacy ratio of 12.3%.
March 25 2010