Overdue loans doubled

Overdue payments on loans contracted by individuals and companies rose, over one year – between February 2010 and February 2011 – from RON 9.4 bln to RON 16.2 bln, according to figures supplied by the National Bank of Romania (BNR), informs. Overdue loans are also on the rise compared to January 2011, by approximately 4 pc.

According to economic analysts, soaring unemployment and bankruptcy were among the main reasons for which debtors were unable to pay their instalments on time. Because of financial problems, Romanians are also less eager to take loans. Bankers verified, in January, approx. 92,000 potential clients in the Central Credit Register (CCR) database. Over 125,000 similar searches were conducted in the same interval, last year.

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