Kearney | Romania Feed

Romania banks are at the bottom of the European ranking in terms of profitability per client, with just EUR77, in the context of a EUR168 average in Eastern Europe and a record high EUR238 at the level of the entire Europe, reveals the European Retail Banking Radar report compiled by global consultancy Kearney.

More than half (57%) of interactions Romanians have with their banks for new product purchases are digital, a level that is almost double the 2020 one, of 30%, in line with the European Retail Banking Radar report published by management consulting company Kearney.

More than two-thirds (73%) of European bank clients have kept their primary account at the same institution for five years or longer, but Romanian clients are less loyal to their bank compared to their European peers, considering that one in five Romanians work with at least three different banking institutions, as per a survey conducted by management consulting company Kearney.

Romanian banks registered above average income growth versus European peers in 2023, but they still need to catch-up (even with some CEE peers) in productivity metrics like profit per customer or income per employee, global consulting company Kearney says in annual European Retail Banking Radar report.

Kearney’s Global Business Policy Council has released its 2024 Foreign Direct Investment Confidence Index (FDICI), a survey of investor sentiment regarding future (three-year) FDI flows.

Global consultancy Kearney has released the fifteenth edition of its annual European Retail Banking Radar, which tracks the performance of 89 retail banks across 21 European markets.

75% of Romanian consumers willing to invest in energy efficiency projects plan to resort to bank financing, above the European average of 64%, according to the European Retail Banking Radar survey released by leading global consulting company Kearney.

European retail banks will return to their pre-COVID performance within three to five years and profitability will remain under pressure for the next two years, global consultancy company Kearney said the 2021 edition of its “European Banking radar” report.