The BNR warns that the fines amounting to 3.7 billion lei imposed by the Competition Council on the 10 banks could have serious economic and financial consequences.

The National Bank of Romania (BNR) has issued a warning regarding the economic and financial impact of the sanctions imposed by the Competition Council, which fined 10 banks a total of 3.73 billion lei (approximately 710 million euros) for violating competition rules.

These fines, which represent between 5-7% of the banks' revenues, can generate significant damages and may affect the banking system's ability to finance both the population and the national economy.

BNR emphasizes that these sanctions can also influence the perception of rating agencies regarding the financial stability of the banks.

The Competition Council accused the banks of coordinating behavior in setting ROBOR, which led to this critical situation.