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The Romanian banking and finance market is one of the most dynamic in Central and Eastern Europe. The sector is dominated by foreign-owned banks, which account for over 70% of total assets. The banking sector is relatively well-capitalized and profitable, with a non-performing loan ratio of around 3%. The Romanian government is committed to developing the financial sector and has implemented a number of reforms in recent years to improve the regulatory environment and promote financial inclusion.
The Romanian government is a major purchaser of banking and finance products and services. In 2022, the government spent over EUR 1 billion on banking and finance procurement. The main products and services procured by the government include loans, financial consulting, and asset management. The government procures banking and finance products and services through a variety of channels, including electronic auctions, tenders, and direct negotiations.
The main banking and finance products and services procured by the Romanian government include:
Loans: The government procures loans to finance its budget deficit and to fund investment projects.
Financial consulting: The government procures financial consulting services to help it develop and implement financial policies.
Asset management: The government procures asset management services to manage its investments.
The top authorities for Romania banking and finance procurement are:
The Ministry of Finance: The Ministry of Finance is responsible for developing and implementing the government's financial policies.
The National Bank of Romania: The National Bank of Romania is responsible for supervising the banking sector.
The Romanian Competition Council: The Romanian Competition Council is responsible for ensuring fair competition in the banking and finance sector.
The top winners of Romania banking and finance procurement include:
Banca Transilvania: Banca Transilvania is the largest bank in Romania and is a major supplier of loans and financial consulting services to the government.
OTP Bank România: OTP Bank România is the second largest bank in Romania and is a major supplier of asset management services to the government.
ING Bank România: ING Bank România is a major supplier of loans and financial consulting services to the government.
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