| The stock of overdue bank loan payments in Romania increased by 33.9% y/y to RON 21.9bn (EUR 5bn) at the end of November, the central bank said in a statement. The overdue payments at the end of the month were equal to 9.7% of the total stock of bank loans, up from 7.8% a year earlier. The payment discipline further deteriorated in comparison with October, when this ratio was 9.6%. |
Out of the total overdue amount, 56.6% were unpaid instalments of foreign currency loans -- against a 63.6% share held by the forex loans in total bank loans to non-government. Back in 2008, before the recession, the unpaid instalments on foreign currency denominated loans were only 27.9% of the total overdue payments (end-September 2008) and an insignificant 0.5% of the total forex loans. In the meantime, even though the payment discipline for forex loans is better than the average, the outstanding amount is still 8.6% of the total stock of loans.
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