COUNTRY PROFILE
Romania
A standardised profile of the microfinance ecosystem — regulation, actors, funding, and the latest news. Expand any section below.
01 · REGULATION OF LENDING
Regulation of lending activity
Regulation of lending activity
Regulatory scenario
With microcredit regulation
Dedicated law regulating microcredit
Law on non-bank financial institutions (no. 93/2009)
Dedicated law passed (year)
2009
02 · SUPERVISORY FRAMEWORK
Supervisory framework for non-bank lending
Supervisory framework for non-bank lending
Supervisory authority
National Bank of Romania
Authorised non-bank lender — type 1
NBFIs: Joint-stock companies
Type 1 — profit orientation
For-profit
Type 1 — minimum capital
EUR 200.000
EUR 3.000.000 (if NBFI disburses mortgages)
Other non-bank lenders (1)
Credit Unions
03 · PRODUCTS
Products
Products
Generic microcredit — max. amount
Not defined in the law
Generic microcredit — max. term
Not defined
in the law
Generic microcredit — interest cap
For consumer loans the effective annual interest rate cannot exceed the National Bank of Romania’s reference rate by more than 8%
Generic microcredit — purpose
Not defined in the law
Generic microcredit — target clients
Not defined in the law
Generic microcredit — mandatory non-financial support
Annual information and education activities
04 · INCENTIVES & SUPPORT
Incentives and support
Incentives and support
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05 · DEVELOPMENT OF FRAMEWORK
Development of existing framework for non-bank microcredit provision
Development of existing framework for non-bank microcredit provision
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06 · NEWS & INSIGHTS
Latest from the Repository
Latest from the Repository
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