The Romanian banking system’s efficiency was smaller than in the region, in the first semester

In the first half of this year, the Romanian banking system, saw a fast cost rise. Therefore, at the end of June 2009, the income/costs report was larger in Romania than in Hungary or Poland. This is after, at the end of last year, the performance indicator was in line with the regional level.

As a result, the Romanian banking system was characterized with a low level of efficiency in the first semester of this year. Data published by the National Bank of Romania has shown that, in June 2009, the report between the costs and the income of banks was 67.23%, where, in Hungary and Poland banks were recording a performance indicator of 52%, respectively 55%.