Abstract
The overall development of the Romanian banking system was profoundly linked to the general evolution of the national economy, and by this, it was overburdened by major disruptions at both micro- and macroeconomic level, peculiar to the period of transition to the market economy. Consequently, in the recent years, there have been a number of challenges that had tackled the Romanian banking system, such as the adoption of inflation targeting, further liberalisation of capital account, implementation of currency denomination, commissioning of the Electronic Payment System, as well as the higher exchange rate flexibility. Another achievement of credit institutions was the transposition and implementation of European Union requirements regarding the New Capital Accord. Moreover, progress was made in boosting the competitiveness and soundness of the banking system to make it capable of ensuring efficient financial mediation. This is going to be revealed by the positive evolutions in the main indicators of banking system's analysis.
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