McKinsey: Romania Banking Sector Sees Profitability Drop To 8.26% In 2020 Vs. 11% In 2019

01.20.2022 By Ecaterina Craciun

The Romanian banking sector saw its profitability fall to 8.26% in 2020, from 11.06% in 2019 due to the pandemic, being the first time the local banking sector profitability was below 10% in the last six years, per the 11th edition of the McKinsey Global Annual Banking Review, which also shows the financial services industry survived the pandemic better than expectations, but the sector is under the sign of a great divergence.

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