Highlights

1991
1991
  • RAB becomes a correspondent member of the European Banking Federation;
  • RAB is the founding member of the Romanian Banking Institute together with the National Bank of Romania;
  • RAB participates to the drawing up of the first Banking Law;
1992
1992
  • The first Romanian banks connected to SWIFT;
  • The first credit cards are introduced and the card market is established;
1994
1994
  • ROMCARD is set up;
1996
1996
  • The Bank Deposit Guarantee Fund is established;
1997
1997
  • The Payment Incidents Register is created;
1998
1998
  • RAB contributes to the reviewing of the Banking Law;
  • RAB becomes an associate member of the European Banking Federation;
1999
1999
  • The National Office for Preventing and Combating Money Laundering is set up;
2000
2000
  • The Central Credit Register is established;
2001
2001
  • TRANSFOND is set up;
2004
2004
  • The Credit Bureau is established;
  • IBAN codes are introduced in Romania;
  • RAB becomes a member of the Inter-Balkan Forum of Banking Associations;
2005
2005
2005
  • The Electronic Payments System goes live;
  • RAB is involved in the denomination of the domestic currency;
2007
2007
2007
  • RAB becomes a full member of the European Banking Federation;
  • The credit institutions’ reporting system NBR – SIRBNR goes live;
  • The new provisions of the Uniform Customs & Practice for Documentary Credits (UCP 600) – Publication 600 of the ICC Paris are enforced;
  • RAB becomes a member of the European Payments Council and the SEPA project is kicked off in Romania;
  • RAB becomes a support organization for credit institutions in Romania so that these institutions can join the SEPA Schemes;
2008
2008
  • The provisions of the Basel II: the New Capital Accord are implemented;
  • The system for the electronic settlement of debit payment instruments – cheques, bills of exchange, promissory notes – becomes operational;
  • The National SEPA Committee for the deployment of the single euro payments area project is established;
  • The first banks in Romania join the SEPA Credit Transfer Scheme for euro payments;
2009
2009
  • The ‘Code of Ethics in Banking’ is drawn up and is adopted across the Romanian banking sector;
  • RAB becomes a full member of the European Mortgage Federation;
  • RAB becomes a member of the EMEA SWIFT Alliance (ESA);
  • Conclusion of the Convention on applying the SEPA standards to the National Payments Schemes;
  • conclusion of the Convention on the interbank settlement of debit instruments (cheques, bills of exchange and promissory notes payable in lei issued in an old format or which cannot be settled by truncation);
2010
2010
  • Common Rules on Account Mobility issued by the European Banking Industry Committee (EBIC) are adopted;
  • The establishing of an entity for mediation in the financial & banking sector is fostered;
  • New international rules governing demand guarantees – Publication ICC Paris 758 are applied;
  • The first banks in Romania join the SEPA Direct Debit Scheme for euro payments;
2011
2011
  • A national campaign for financial education is deployed with the support of the Romanian Television; in 2012, the audience at national level stands at half a million viewers per filler;
  • The coordinated implementation of the provisions of the ANPC Order no. 164/2011 on some measures for financial banking and non-bank institutions to inform their customers;
  • The new provisions of the International Rules INCOTERMS are enforced;
2012
2012
  • The International Financial Reporting Standards are implemented, including the respective Fiscal Code amendments and the correlation with the NBR’s prudential policy;
  • The framework for self-regulating lei payments is drawn up;
  • The launching of the TRANSFOND SENT SEPA RON system and of the SEPA Credit Transfer Scheme for payments in the domestic currency (SEPA Credit Transfer RON – SCT RON);
2013
2013
  • Providing for technical, organizational and logistics conditions in order to enforce the Basel III: the New Capital Accord – CRD4;
  • Modernization of the new version of the lei SEPA Credit Transfer Scheme and preparation for the adoption of the SDD RON Scheme;
  • Conclusion of the Convention on redistributing the cash surplus with other commercial banks and, as the case may be, with the State Treasury;
  • Contribution to aligning the legal and institutional frameworks to allow for the issuance of mortgage bonds;
  • The national, financial education campaign targeting SMEs is launched;
2014
2014
  • Amending and completing the Insolvency Law;
  • Full implementation of the Basel III: the New Capital Accord – CRD4;
  • Providing for the governance of the National Payment Schemes via the Committee for the Administration of National Payment Schemes;
  • Collaboration Agreement to access the ANAF data bases containing the revenues of loan applicants;
2015
2015
2015
  • The Romanian Association of Banks launches a site for financial education educatiefinanciara.info; educatiefinanciara.info;
2016
2016
  • Setting up of a Centre for Alternative Dispute Resolution in Banking (CSALB);
  • RAB becomes a member of the European Banking Institute;
  • Launching of the service for the processing of direct debit instruments in the domestic currency in SEPA format (SEPA Direct Debit RON – SDD RON); the Single Register for Direct Debit Mandates goes live;
  • Support granted for the promoting of the Romanian capital market on the monitoring list by FTSE Russell in order to obtain the Secondary Emerging status;
2017
2017
  • The rebranding of RAB, an action via which the RAB image is aligned with the new strategy based on four pillars;
2018
2018
2018
  • The Ministry for Education and Research, the National Bank of Romania, the Ministry for Public Finance, the Financial Supervisory Authority and the Romanian Association of Banks conclude a Collaboration Agreement for the drawing up of a National Strategy on Financial Education;
  • The members of the Platform for Financial Education launch the Practical textbook for the users of financial services; Manualul practic pentru utilizatorul de servicii financiare - only in romanian;
  • The banking industry in Romania adopts a new Code of Conduct, a document which highlights the observance of the principles of banking ethics by all the banking sector’s stakeholders
2019
2019
  • Representatives of 11institutions from the financial industry of Romania sign a Collaboration Agreement for the establishing of a Financial Platform;
  • Launching of the Instant Payments component of the TRANSFOND SENT SEPA RON system and of the SEPA Credit Transfer Instant Scheme for payments in the domestic currency (SEPA Credit Transfer Instant RON – SCT Inst RON);
2020
2020
  • The banks in Romania launch an informing and awareness campaign called #DreptulLaBanking;
  • Collaboration Agreement on the implementing of the electronic garnishments system on bank accounts;
2021
2021
  • RAB becomes an affiliate member of the Organization for Economic Co-operation and Development – the International Network on Financial Education (OECD/INFE);
  • Launching of a website dedicated to the National Strategy for Financial Education edu-fin.ro, built by RAB, in a partnership with NBR, FSA, ME and MF; edu-fin.ro, realizat de ARB în parteneriat cu BNR, ASF, ME și MF;
  • RAB, together with the NBR and the RBI and by involving other public institutions, accredit with the Ministry for Education and Research the only complete course on financial education targeting the teachers who teach the mandatory discipline “Social Education” to the pupils in the 8th
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Presentation

About RAB

Message of the President

RAB targets

The Romanian banking system

Organization

The organizational structure

Committees and working groups

RAB members

Projects

The digital agenda platform

Financial education

Lending

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