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May 6, 2021
BUSINESS

BNR: Overdue loans soared by 67 pc in the first semester

Overdue loans soared by 67 per cent in the first semester, at RON 13.6 bln, and their ratio out of total loans rose from 4.05 per cent to 6.4 per cent, according to data published, yesterday, by the National Bank of Romania (BNR). The value of overdue loans was, at the end of June, RON 5.4 bln above December 2009 figures and RON 992 M above the May balance. At the same time, the ratio of overdue loans out of the total loans amounted, at the end of last year, to 4.05 per cent, already rising from only 1.4 per cent in December 2008, and rose gradually in the first six months of 2010. The value of overdue loans in foreign currency is higher than that of credits in RON overdue by at least one day, as opposed to the end of last year, given the much faster advance of overdue loans in foreign currency. Overdue loans in RON amounted to RON 6.45 bln at the end of June, rising by 10.9 per cent compared to May and by almost 45 per cent compared to December 2009. At the same time, overdue loans in foreign currency amounted to RON 7.18 bln, 5.3 per cent above the May level and 94.6 per cent above figures at the end of last year. The ratio of overdue loans out of the total of loans in RON rose from 5.6 per cent in December 2009 to 7.45 per cent in May and 8.21 per cent after the first semester. BNR data indicate that the ratio of overdue loans out of the total of foreign currency loans, converted in RON, ebbed slightly in June compared to May, from 5.41 pc to 5.38 pc.

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