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October 28, 2020
BUSINESS

Overdue loans rose to 9 pc of loans in June

Companies and individual clients reported, at the end of June, total overdue loans of RON 19.4bln (approx. EUR 4.6bln), the equivalent of 9 pc of total loans granted by the banks to the private environment, according to figures supplied by the National Bank of Romania (BNR), quoted by “Ziarul Financiar”. The value of overdue loans rose by 4.9 pc compared to late May and by nearly 43 pc compared to the same interval of the preceding year. Loans in the national currency remain the most troublesome, as defaults were reported on nearly 11 pc of loans in RON at the end of the preceding month. On the other hand, overdue loans accounted for 7.9 pc of total foreign currency loans. Moving on to another topic, BNR lent yesterday RON 268.6 M to four banks by a repo operation, with the maturity term set for August 2, although there is plenty of liquidity on the market and inter-banking interests are below the central bank’s interest rate, Mediafax reports.

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