Nicolau, Mihaela - Volkswirtschaftliche Fakultät, … - 2006
banking system took its first step at the end of 1990 when the newly established commercial bank Banca Comerciala Romana (BCR …) took over retail operations performed previously by the National Bank of Romania (NBR). Simultaneously some privately … unfriendly economic environment, the poor quality of bank managers and shareholders and cumbersome legal procedures led to an …