Stock of overdue payments on bank loans in Romania hits EUR 7.15bn at end-April.

By bne IntelliNews May 29, 2013

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.

Overdue payments 2009 2010 2011 2012 Apr-13 y/y
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
   Local currency 5.4% 9.8% 11.4% 13.2% 14.6% 2.2pps
   Foreign currency 2.9% 6.4% 8.4% 12.2% 13.5% 4.0pps
Source: BNR, IntelliNews

Related Articles

IMF recommends fiscal consolidation for Romania

The International Monetary Fund (IMF) has estimated that the fiscal policies envisaged by Romania will result in a wide deviation (of over 2% of GDP) from the optimum 1.5% of GDP medium-term budget ... more

Owner of Romania’s Dedeman reportedly close to signing largest ever deal in the Romanian office segment

Dragos Paval, owner of Romania’s biggest DIY retailer Dedeman, is reportedly close to signing an agreement with Africa Israel Investments for the acquisition of an office building project in ... more

RBI doubles net profit y/y in Q1 as Russian business recovers

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss