Over half of local banks consider making layoffs in 2015 - 55% expect to slightly reduce the number of employees, up from 29% in 2014, according to a survey carried out by EY Romania and the Romanian Banking Association.

Most banks expect a slight improvement of the economic environment, and 90% of the banks anticipate an increase in the demand for real estate loans. The number doubled compared to 2014. Some 80% of banks estimate a growth in consumer loans.

Lenders are also more interested in selling assets than in 2014, but in most cases it’s bad loans.

Risk management and reputational risk rank first on the banks’ agendas. Over 80% of banks expect that expenses with risk credit provisions would not increase.

editor@romania-insider.com