Scholarly record

STUDY REGARDING THE EVOLUTION OF THE DEPOSITS OF NON-GOVERNMENTAL CLIENTS OFFERED BY THE ROMANIAN BANKING SYSTEM

C. Sirbulescu, L. Pirvulescu, M. Chirila, D. Chirila, A. Dincu

Abstract

The paper presents a synthesis of the fundamental elements characterizing the bank deposits and, in particular, the deposits of the non-governmental clients. The concept of deposit as a whole, the typology and the role of bank deposits are analyzed. The study started in this paper will continue with other researches in this regard. The methods used by the authors to support the research consisted of data collection, documentary analysis, graphic representation, classification, comparative analysis. Scientific research shows that the saving process influences the development of the bank's activity, which is directly related to the increase in the volume of attracted resources, their diversification, the improvement of the structure towards the increase of the stable resources. According to their own interests and strategies, banks can guide the development of certain activities, stimulate new consumption and savings behaviors at the level of society, in line with their mediation function among those who have surplus resources and those who need them. The most important aspect that emerges from the detailed analysis of the savings products currently available in the banks' portfolios is the insignificant profitability that money from bank deposits generates, which, not long ago, represented a magnet not for Romanians, and for the citizens of the world. Currently, earnings from bank deposits are almost equal to zero, and in the worst case scenarios it is possible to get less than what it was deposited. We can say that the purpose of using a bank deposit is strictly to conserve the money we already have, and no case to make a profit. Until the banks from Romania will not understand that the interest rate should increase so that it is above inflation, we will never be able to consider bank deposits as an investment method. In conclusion, bank deposits are recommended for all those who want to save their money or want to keep their emergency fund safe and not at home under the mattress.

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DOI resolver: doi.org/10.5593/sgemsocial2018/1.3/S03.039

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