HomeDespre ECTAEventsPolitica editorialaTrimite un articolParteneri / link-uri utileArchiveAbonamentContact

ISSN 1841-8678   (print)
ISSN 1844-0029   (online)


Archive ECTAP

Note: for the period 1994-2003 the archive of the magazine will not be available online

Supplements ECTAP

If you cannot open the pdf file you need Adobe Reader.
download Adobe Reader

Creative Commons License

Theoretical and Applied Economics
No. 1 / 2023 (634), Spring

The impact of Covid-19 payment moratoria on the Romanian banking system

Eugen-Marian VIERESCU
Bucharest University of Economic Studies, Romania

Abstract. This paper shows the impact of the payment moratoria on the Romanian banking system in the first months after the outbreak of the Covid-19 pandemic. In the first part, which presents the synthesis of specialized literature on moratoria, it is described how the pandemic affected the population and the authorities, as well as the banking prudential regulatory measures introduced to reduce the economic effects that threatened the very financial stability of the state. The work continues, in the second part, with a presentation of the data regarding the results of the application of this measure and the impact on the banking sector in Romania. The results suggest that the moratorium tends to be used by companies that were already struggling to meet their obligations to creditors, which led to an increase in the rate of non-performing loans after the grace period expired. They also show that such measures are not viewed with good eyes by the banking sector, as they increase the uncertainty weighing on it.

Keywords: payment moratoria, Covid-19, non-performing exposures, forborne exposures.

Download the full article:  


Open acces




The Economicity. The Epistemic Landscape, Marin Dinu, 2016


ISSN 1841-8678 (ediția print) / ISSN 1844-0029 (ediția online)
© Copyright Asociația Generală a Economiștilor din România / Editura Economică
Redacția: Oficiul poștal 18, Ghișeul 3 - Căsuța poștală 31, București 014820, E-mail:

© 1994-2024 Theoretical and Applied Economics