罗马尼亚中小企业融资信用风险研究.docVIP

本科毕业论文（设计） 外 文 翻 译 原文： CREDIT RISK IN FINANCING SME IN ROMANIA Abstract Romania’s integration in the European Union brought about some major changes in our banking system. One of the direct consequences is the fierce competition between banks for supremacy on the market. According to this, the Romanian banks saw in the SMEs sector a true potential for reaching their goal and they proceeded to conquer it by conceiving unique products, specially designed to reach the financial needs of this segment. Moreover, banks often come up with new attractive offers and cost reductions for the SMEs (Small and Mediu Sized Enterprises) sector. In this context, some answers need to be done: the effective risk banks accept to take by providing the offers, specific risks in financing this sector, the problem of the balance between risk and profit return (or market share increase). Keywords: credit risk, risk management, financing SME, bank policies The Romanian banking sector has been lately the victim of some profound structural changes, generated by the perspective of integration in the European Union. This resulted in a monetary instability manifested through an increased volatility of the exchanges rates and of the capital flows as well as in a tough concurrence between financial institutions. This fierce competition between banks determined them to launch themselves in a real course of financing, by accepting more and more risky transactions. The target segment of the credit institutions seems to be recently the SMEs (Small and Medium Enterprises) for some well-established reasons. Thus, SMEs represent one of the major sectors of all economies both from a market share point of view and from the fact that these firms contribute definitively to the creation of GDP (Gross Domestic Product) and engage a great part of the existent working force. Moreover, as the majority of the powerful corporations have already decided which financial institution they prefer to work with, the SM