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The financial challenges of the last two years generated by the pandemic, military conflicts, etc. have determined Romanian companies to evaluate their businesses and choose the best sources in order to continue their economic activity. The companies' short- and medium-term objectives were shaped according to the new economic and social conditions. Access to financing is a key element for development, to build new jobs, to remain competitive. Consequently, the need for short-term financing increased and was honored by accessing factoring products by companies. Through the conducted study, it was highlighted that for small and medium-sized companies, factoring products are of interest and are very useful. The evolution of the products granted by Romanian financial institutions are in correlation with the international market, but the proportions are different. Developed countries promote financing through factoring, the proof is the volumes reported by factoring companies. At the same time, financial institutions maintain their prudential criteria in conditions where the economy is influenced by social and political factors, some unpredictable and with a high degree of risk. [ABSTRACT FROM AUTHOR]

The banking sector is one of the most important sectors for the economy of a country, being the one that supports the functioning of the market and that contributes to the achievement of economic growth. In this paper, we proposed that, starting from the statistical data published in the databases regarding Romania, to characterize the functioning of the banking system during the Covid-19 pandemic. The data were processed and analyzed with the help of some statistical indicators used in the analysis of time series (absolute change with a fixed base, absolute change with a chain base, the dynamic index with a fixed base, the dynamic index with a mobile base and the rhythm of the dynamics) and stood at the basis for formulating conclusions regarding how the banking system in Romania faced the challenges of the 2018-2020 period. At the same time, the strengths and weaknesses that characterized the banking system were identified, so that in the future, measures can be taken to avoid the risks resulting from the emergence of economic, health, social, etc. crises. [ABSTRACT FROM AUTHOR]