risk

Banks operating in Romania might be indirectly affected by the foreign currency loans contracted by large companies directly from abroad, according to the 2009 Financial Stability Report published Monday by the National Bank of Romania BNR.

Romanian non-banking financial institutions (NBFI) are invited to the central bank sometime next month for talks on the regulation of access to information supplied by the Bank Risk Central, said Thursday the head of the financial activity and NBFI service within the central bank, Angela Dimonu.

Romanian agriculture is four times less insured than the European average, but the agriculture insurance market is on a rising trend given the need for risk management in this sector, especially when it comes to climate change risks.

The Romanian Ministry of Environment warns that there is the risk of avalanches in the next two days on the Fagaras Mountains, and the same risk is present in the Bucegi mountains at altitudes of over 1,800 meters, because of the warming weather and the rain.

Fitch Ratings on Monday placed Romania in the highest macro prudential risk category (MPI 3), due to accelerated lending growth and the rise in the domestic currency in the first half of last year, according to the agency’s Bank Systemic Risk report.