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 | ||||||
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