Minister: Romania”s Banking System Needs Restructuring
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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.
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