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National Bank sets norms to regulate activity of non-banking financial institutions

de     HotNews.ro
Marţi, 25 aprilie 2006, 0:00


The Romanian National Bank – BNR has approved a first set of regulations for non-banking financial institutions including the minimum capital and their registry activities.

Newly established such institutions in Romania will have to prove a social capital of minimum 200,000 euro in RON equivalent, according to the new norms. And the minimum level of the social capital for non-banking financial institutions that provide mortgage credits cannot be less than the the capital of dedicated companies.

They will have the possibility to boost their social capital through injected funds and the incorporation of reserves from net profit, dividends from net profit for shareholders after tax payments and the result of reported net profits.

The new norms are to be published in the Official Gazette and can be consulted on the National Bank website at BNR.ro.
























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