SPECIFICUL ORGANIZǍRII CONTABILITǍŢII INSTITUŢIILOR DE CREDIT (Partea I)
SPECIFICS OF THE ORGANIZATION ACCOUNTING OF CREDIT INSTITUTIONS (Part I)

Summary/Abstract: The importance of credit institutions results from the dual support they offer to the economy: on the one hand, saving and, on the other hand, lending. Credit institutions „produce, consume and trade services with the aim of obtaining positive economic effects.” Credit institutions are qualified as joint stock companies. The current legislative regulations provide for the manner of establishment and operation of credit institutions based on the common law, respective: Law 31/1990, the Law on Commercial Companies and specific regulations: Law 58, the Banking Law - the specific law, G.E.O. no. 99/2006, which complements and amends Law 58, Authorization issued by the National Bank of Romania. The fact that Credit Institutions are qualified as commercial companies based on the general laws have the obligation to proceed with the organization of the accounting of their own activities authorized by the central bank.

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