CPBR ARB clarifications about the accusations made against the banking sector

The Romanian Banking Association (ARB) and the The Council of Banking Employers in Romania (CPBR) are making the following statements, as a result of the claims that some credit institutions in Romania either outsource their profits or register losses willingly to evade tax on profit.

Credit institutions have been and remain open to engage in constructive discussions with competent authorities, individually or through representative banking sector organizations.

The full press release is attached: