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Non-banking financial institutions

Non-banking financial institutions (commonly referred to as “IFN”s) are the result of an innovative approach of the Romanian legislators more than 10 years ago to allow non-banks to carry out credit and leasing activities just like banks, but under a more relaxed regulatory framework.  The only restriction being their inability to take deposits from the public. With hundreds now registered in the central bank’s registries, IFNs are a success story in Romania.


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  • Advising a Polish financial group with the set up of a local non-banking financial institution.
  • Advising about a programme for the issue of employee cards for a US-based IT giant.
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