The stock of overdue payments on bank loans in Romania increased by 29.6% y/y to RON 30.9bn (EUR 7.15bn) at the end of April, the central bank said.
Commercial banks thus hold claims equivalent to 13.9% of the loan stock. The ratio increased from 13.6% a month earlier and 10.5% a year earlier.
Banks have to collect RON 12.3bn (EUR 2.8bn) from recipients of local currency loans and RON 18.7bn (EUR 4.3bn) from recipients of foreign currency loans. There is a visible trend toward steeper accumulation of overdue payments on foreign currency loans despite the recent strengthening of the local currency that should in principle ease the debt service burden.
|Total, EUR mn, o/w||1,849||3,771||4,938||6,479||7,153||31.8%|
|On local currency loans||1,027||1,774||2,152||2,533||2,839||24.5%|
|On foreign currency loans||822||1,997||2,786||3,946||4,314||37.0%|
|Total, % of stock of loans||3.9%||7.7%||9.5%||12.6%||13.9%||3.4pps|
|Source: BNR, IntelliNews|
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