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
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