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REGULATION No. 5/8 MARCH 2012
Part I of Official Gazette No. 179 of 20 March 2012
effective as of 20 March 2012
on credit classification and the establishment, adjustment and use of specific credit risk
provisions, applicable to the entities supervised by the National Bank of Romania, other
than credit institutions
Having regard to the provisions of Article 23 of Law No. 93/2009 on non-bank financial
institutions, as subsequently amended and completed, to Article 331 paragraph (1) of Government
Emergency Ordinance No. 113/2009 on payment services, approved as amended by Law 197/2010,
as subsequently amended and completed, to Article 36, paragraph (1) of Law 127/2011 governing
the issuance of electronic money and to the Chart of Accounts included in the Order No. 27/2011of
the NBR that approves the Accounting Regulations harmonised with the European Directives,
under Article 48 of Law 312/2004 on the Statutes governing the National Bank of Romania, Law
93/2009, as subsequently amended and completed, to Article 186 paragraph (1) of Government
Emergency Ordinance No. 113/2009, approved as amended by Law 197/2010, as subsequently
amended and completed, and to Law 127/2011.
The National Bank of Romania hereby issues this Regulation.
CHAPTER I
General Provisions
Article 1 - This Regulation applies to non-bank financial institutions, Romanian legal entities, and
to Romanian branches of foreign financial institutions, except for those included in Title I, chapter
IV, Section 2 of “Financial institutions from other Member States” of Government Emergency
Ordinance No. 99/2006 on credit institutions and capital adequacy, approved as amended and
completed by Law No. 227/2007, as subsequently amended and completed, entered in the General
Registry of the National Bank of Romania, on payment institutions, Romanian legal entities
granting credits related to payment services, institutions issuing electronic money, Romanian legal
entities, granting credits related to the payment services, and regulates:
a) the classification of credits granted to borrowers;
b) the determination of the required credit risk provisions, for the classified credits;
c) the establishment, adjustment, and use of the specific provisions for credit risk.
Article 2 The following expressions shall have the meanings assigned below:
a) non-bank financial institutions - entities defined according to the provisions of Law No. 93/2009
on non-bank financial institutions, as subsequently amended and completed;
b) payment institutions - entities defined according to the provisions of Government Emergency
Ordinance No. 113/2009 on payment services, approved as amended by Law 197/2010, as
subsequently amended and completed;
c) institutions emitting electronic money - entities defined according to the provisions of Law No.
127/2011 governing the issuance of electronic money,
d) lenders - non-bank financial institutions, payment institutions, and institutions emitting electronic
money, governed by this Regulation;
e) lender’s group - group consisting of the parent company, the other subsidiaries of the parent
company and the subsidiaries of the lender;
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