BNR: Total overdue bank loans up almost 8 pct

At the end of June 2010, total overdue bank loans – both corporate and individual – totaled RON 13.6 billion (3.1 billion euros), up 7.9 percent from the previous month, accounting for 6.4 percent of the total debt to commercial banks, shows data of the National Bank of Romania (BNR).

At the end of May 2010, past due loans had reached RON 12.64 billion (3.02 billion euros), according to revised BNR data, and their share had risen to nearly 6.2 percent. At the end of 2010, the weight of outstanding debts out of total loans was 4.05 percent.

At the end of June, retail and corporate loans stood at RON 212.07 billion (48.54 billion euros), out of which foreign currency loans accounted for nearly 63 percent, which – expressed in domestic lei is 133.53 billion lei – while credits in the local currency, the leu, stood at RON 78.53 billion.
At the end of May, loans were totaling RON 204.35 billion (48.9 billion euros), whereas overdue loans in national currency were RON 5.8 billion and foreign currency loans equaled RON 6.8 billion.

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