National Bank of Romania


Also found in: Acronyms.

National Bank of Romania

The central bank of Romania. It controls issue of the Romanian leu, sets the monetary policy, holds currency reserves, manages the exchange rate, and has other similar responsibilities. It was established in 1880.
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Although having a still weak level, the NPL rate has maintained a downward trend, while the coverage provision rate registered values above the European average, continuing to represent a caution element of a pro-active attitude in covering the credit risk accumulated especially in the development of the lending process (The National Bank of Romania, 2016).
The National Bank of Romania has been using a "mix of monetary policy instruments" (4) to impose the right pace of the financial transactions, to reduce the moral hazard and to strengthen the accountability/creditworthiness of the banking system, which has been experiencing a "weakening of confidence" (4).
FIGURE 1--FOREIGN DIRECT INVESTMENT NET FLOW IN ROMANIA (* Provisional data) Net Equity Net Credit 2003 1263 683 2004 4484 699 2005 3852 1361 2006 6832 2227 2007 3547 3703 2008 4873 4623 2009 * 3065 1834 (Sources: National Bank of Romania, 2010a; National Bank of Romania and National Institute of Statistics, 2010) Note: Table made from bar graph.
in the case of patrimonial companies, is replaced in the situation of the State Treasury with the inventory of the realities from the banks existing accounts (Treasury, Commercial Banks, National Bank of Romania, the account, the cash register, other valuables, etc.
The National Bank of Romania (NBR) said on Wednesday that non-residents' direct investments in Romania fell 28.
The deal, which UniCredit Tiriac Bank signed together with UniCredit Consumer Financing IFN SA, is contingent on green light by the National Bank of Romania and the country's competition watchdog.
In January 1st 1947, The National Bank of Romania has become a state owned institution.
In this context, this process involves extensive changes occurring on the legal status of the central bank in Romania, for integration into the euro-zone, from the duties of the National Bank of Romania, the international relations, management, organization and representation of the National Bank, as well as the exchange of information.
The mission headed by Jeffrey Franks in the days to come will revise the macroeconomic prognosis and will make a new estimate following the talks with the Romanian analysts, with the Prognosis Commission and the National Bank of Romania (BNR) in order to establish the parameters of the new prognosis of Romania's economic development.
It was hosted by the Governor of the National Bank of Romania.
David Garner, Country Corporate Officer, said that, in addition to serving global and local corporations, Citibank "will continue to help the country finance infrastructure projects and to support the National Bank of Romania in its external financing strategy.
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