BUSINESS

Number of active cards, lowest level in last 3 years

According to the National Bank of Romania, the number of active cards has dropped by 619,815 units to a total of 10.58 million units in Q1, with that being the lowest level since the one reported in March 2008. The drop occurred despite the fact that the value of transactions grew compared to the same period last year. Cards are considered active if they were used for at least one transaction during the aforementioned period. At the end of Q1 the number of active cards had dropped by 867,188 units below the one reported in March 2010 (11.44 million units).

The valid cards portfolio consisted of 12.52 million units at the end of March, having dropped by 258,546 units compared to the end of Q1 last year and by 60,379 units compared to the end of 2010. Debit cards had a positive evolution in Q1, both compared to the end of 2010 and to the same period last year, while the credit cards portfolio dropped significantly. On the other hand, the valid credit cards portfolio dropped by 181,348 units compared to December 2010 and by 311,235 units compared to March 2010.

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