About RAB
ARB composition
The Romanian Association of Banks (RAB) is one of the strongest professional associations in Romania which represents the entire banking market.
It is made up of 33 banks active as Romanian or foreign legal persons in the financial sector – and which expanded by including other 12 affiliate members, non-bank companies, thus setting the foundation of a partnership with the intention of contributing to the consolidation of a predictable, transparent and reliable business environment in Romania.
The priorities of the banking industry are related to maintaining the banking sector’s role as main financier of Romania’s economy while assuring the stability and credibility of the banking sector.
The Romanian Association of Banks has a thirty-one-year tradition and has been a member of the European Banking Federation since 1991 (with full rights since 2007), of the European Payments Council, of the European Mortgage Federation, of the European Banking Institute, affiliated member of Organisation for Economic Co-operation and Development/International Network on Financial and of 26 national lucrative bodies for developing and improving the economic framework. To this end, the banking community makes available over 800 experts from credit institutions and affiliate members who participate in 24 technical commissions.
The ARB vision
We support a transparent and reliable business environment in Romania, an active part of an integrated European market.
ARB mission
Providing an effective platform for engaging the banking community to drive sustainable economic growth, societal prosperity and financial security.
ARB objectives
1. Alignment with the dynamics of the environment and the priorities of the European banking system through efficiency, innovation and competitiveness;
2. The contribution of the financial banking system to the economic prosperity of society;
3. Presentation and communication of the priorities of the financial banking industry at national and European level.
ARB strategic pillars
1. Financial and Digital Education;
2. Digital Agenda:
- financial and digital inclusion;
- development of the banking system based on innovative and collaborative approaches;
- preventing and combating economic-financial criminal activities (money laundering, cybercrime, fraud related to online payments/payment means).
3. Increasing financial intermediation on a sustainable basis:
- supporting responsible crediting of individuals and SMEs;
- supporting the increase in the absorption of European funds;
- promoting Public Private Partnership.
4. Promoting economic, social and environmental sustainability/sustainability;
5. Financial platform and national and European representation.
Vision
Mission
RAB targets
1. Alignment with the dynamics of the environment and the priorities of the European banking system through efficiency, innovation and competitiveness;
2. The contribution of the financial banking system to the economic prosperity of society;
3. Presentation and communication of the priorities of the financial banking industry at national and European level.
Values
Integrity
Professionalism
Transparency
Credibility
Innovation
The role of banks in increasing economic prosperity
Anchors
- Romania's accession to the Organization for Economic Cooperation and Development;
- Romania's entry into the euro zone.
