♦ For the 14th edition, ZF Bankers & Asigurari 2025 returns to the fore external macroeconomic indicators. In the last decade, the business (increase of 139%) and the economy of Romania (+163%) have increased based on tax stimuli – increased salaries (233%) and pensions, huge expansion of the budget (public debt increased by 268%), the money sent from outside to the country, business to gray/black and, not last, European funds. The engines of this model begin to be gripped, at least at the budget level, and the salaries follow. The banking system increased as a result of the economy (142%): if the bank deposits increased by 173%, the expansion of the loans was only 99%. If the real estate loans had an advance of 144%, the loans for companies increased by only 98%, and at least from this point of view, the financial intermediation has decreased, it has not increased. The economy was handled with fewer loans, because they entered money from other resources: the supplier loans replaced the bank loans for short-term companies, the accumulated, either internally or from outside work, replaced the mortgage, and the external financing lines from the multinationals took the place of the local financing lines. Due to the political tensions, which are also reflected in social tensions, the conditions in the market have changed a lot in the last year, due to the deterioration of the budgetary situation and the external parameters-the explosion of the commercial deficit and the increase of the current account deficit. The stability of the Leo/Euro foreign exchange rate, which led to the statistical improvement of the indicators, loses land, and the interest in lei increased instead of decreasing, due to the need to ensure financial stability and to reduce capital outings. If the state can no longer intervene in the economy through fiscal incentives, now in a position to cut budgetary expenses and most likely to increase taxes and taxes, the question is whether banks can be an economic growth engine, when all other engines are locked. After the previous crisis, banks have become extremely cautious, and therefore the indicators of solvency and liquidity are extremely high in Romania, above the European average. What will happen next with the economy, which will be the impact of economic and business decrease – if taxes and taxes are increased – on the banking system will be topics at ZF Bankers Summit 2025, where the main bankers will be present for a live discussion and the public of the Financial newspaper. Also, the chiefs of treasury of the main banks, the head of the market operations of the National Bank and the chief of the treasury, that is, those who were the main players in the two weeks of tension between tour 1 and tour 2 of the presidential elections, will be present at the ZF Bankers 2025, to explain what happened to us. It is the first public discussion in which both the bankers and the treasury chiefs will be present in front of the public after the presidential elections, who had a major influence on the banking market and the financial market. What will be the impact in business and economy we will see further. If the first two days – Monday and Tuesday – are dedicated to the banking industry, the third day is dedicated to the insurance market, where the main actors will discuss the challenges of this industry and strategies that could lead to a more accelerated growth of the insurance market in Romania.ZF Bankers & Asigurari can be watched live on zf.ro
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