Banking staff, curtailed by 1,145 because of crisis

The effects of the ongoing economic and financial crisis on the Romanian banking system became visible in the financial reports as well, a trend that was somehow countered by a downsizing of local networks and staff cuts, reads a recent annual report released by the National Bank of Romania (BNR).The report says banks closed down 225 outlets and curtailed their staff by 1,145 in 2010.'As crediting slowed down and bad loans surged, the five-time year-on-year contraction in ...

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