Bank clerk's mission now is to restructure loans, not grant them

The poor performance of the Romanian economy over the last year has changed the perception of the role of bank clerks, while the fear of creditors has prompted retailers that would previously pursue an aggressive expansion in view of market share, to file for insolvency themselves.
“Although Romania has failed to generate interest for foreign investors over the last few years, the feeling of collapse is going away, there is no more fear. Countries’ financing of banks was reflected at the level of the bank clerk, whose leading mission is now to restructure a loan, not to grant one,” said Florin Pogonaru, president of the Romanian Businesspeople’s Association (AOAR) at a conference organised by Coface, whose business includes commercial credit insurance, debt collection, factoring operations.
The public deficit, the lack of foreign investors, the austerity measures and the poor absorption of European funds are the main problems of the economy, with the future not looking very bright, either, say businesspeople and consultants.
“The future doesn’t look very good at all, companies will continue to have problems. What every businessperson needs to do is focus exclusively on profitable projects and on debt collection,” specified Cristian Ionescu, country cluster manager within Coface Romania, Bulgaria, and Slovakia.