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Annals of the University “Constantin Brâncuşi”of Tg-Jiu, No. 1/2008, Volume 3,
ISSN: 1842-4856
In many situations, especially those represented by increased placement opportunities
and/or entail funds from other international markets, comparative with the European market,
the banking institutions will have to, due to the necessity of obtaining larger profits in the
conditions of lower risk, to operate on other markets other than the European one. Thus
comes, as a necessity, the integration of the banking systems in the international financial
circuit. Most banking managerial problems this step raises are similar to those specific to the
European integration, with the mention that, naturally, the amplitude of the problem is even
greater, in accordance with the increased complexity of the operating activity frame. There are
also some differences that will be analyzed in the following passage.
In contrast with the founding conditions of the European banking system, in order to
operate in other non-European areas, the banks must first establish branches in those
countries, branches that will subdue to the laws and regulations of the country in which they
operate. The second difference is that of the foreign currency risk which, is larger in
comparison with its correspondent from the European banking system, because there is no
unique currency and because there are no commune regulations, and the number of foreign
currencies is larger. Also, an increasing element of both the foreign currency risk and other
risks is the increased heterogeneity of the economical conditions from different areas.
In order to be prepared to take these steps, the banks from these countries, besides
accomplishing the already mentioned requirements, need a serious financial consolidation,
and in ashort period of time, which can not be accomplished in another way than by attracting
foreign capital. It must also be mentioned that, in the same time with the preparation of the
internal banking system, for the integration in the European and international finanicial
system, the economy of these countries must become attractive for the foreign capital
investments.
In conclusion, the European and international banking integration is for the banks from excommunist
countries, an existential necessity, and not an obligation. The process of
economical European integration has two motivating factors which operate in parallel: the
legitimizing of the communitarian acquis and the economic development of these countries, a
multi-steps process which, through many other sectors to which it addresses, gives the banks
the possibility of integration. But it must be mentioned that the bank’s shareholders are those
who make decisions regarding the dimensions of the business. Even so, it should be said that
a bank that will not approach an international managerial line, flexible and sensible to the
permanent changes of the economic environment, will not manage to survive the competition
in the field.
The present context of the European integration process cannot be looked at without taking in
consideration the substation modifications which took place on the political map of the
continent in 1989. The emancipation of the East and Central European countries from the
soviet domination, as well as the collapsing of the socialist empire, which, practically
controlled directly or indirectly the Oriental Europe, lead to the opening of a vast financial
and products market for all communitarian countries. But in the same appeared many
problems not only of economical nature, the solution or at least the approach of which were to
depend on one hand both the direction and the evolution rate of ex-communist countries to the
status of democratic countries engaged in the competitive environment characteristic for the
market’s economy, and on the other hand, the orientation that the group of the developed
countries from the West of the continent was decide regarding the integration of the East and
Central European countries in the Community.
Bibliography:
1) Spulbăr C., Monedă şi Credit,Tipografia Universităţii din Craiova-2002
2) Spulbăr C., Management bancar,Editura Sitech, Craiova 2003
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