Overdue loans reach 3.22 billion euros

The overdue loans rose by 67 percent in the first half of the year, to 3.22 billion euros (13.6 billion lei), increasing their share of the total lending at 6.4 percent, reads Financiarul daily.

As a value, at the end of June the overdue loans were by 5.5 billion lei larger than the level in December 2009. The value of foreign currency overdue loans is higher than the value of national currency loans, a situation, which is reversed when compared to the end of last year. At least one-day overdue loans rose by 7.9 percent in June from May, up to 13.6 billion lei.

At the same time, the share of the outstanding payments of the total lending advanced from 6.2 percent in May to 6.9 percent in June. According to the latest data published by the National Bank of Romania, as compared to December 2009, the value of one-day overdue loans advanced by 5.5 billion lei, from 8.1 billion lei.
At the same time, the share of the outstanding payments of the total lending stood at 4.05 percent at the end of last year, marking a rise from 1.1 percent in September 2008, the time when the crisis started, reads Bursa.

The outstanding payments to foreign currency loans increased by 400 million lei at the end-June, up to 7.2 billion lei. Given these circumstances, the non-performance rate for the loans in foreign currency reached the highest value in June, 5.7 percent, climbing by 0.3 pct compared to the level registered in May. When the crisis started, the share of the outstanding payments of the total foreign currency lending was a meagre 0.5 percent, that is 10 times lower than at present.

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