The low degree of debt recovery by banks from the insolvent companies has an impact on the later policy of the credit institutions towards companies regarding their funding, believes Sergiu Oprescu, executive chairman of Alpha Bank Romania. He thinks return to much stronger financial discipline principles is required, so that the banks should not deny loans to feasible clients, due to “unhealthy” practices of some companies that used the insolvency law to protect their personal goods, most likely. The blockage created in economy by the insolvent companies is estimated at EUR 25 billion, with a percentage of about 20 percent in the GDP, of about EUR 140 billion. The amount of credits granted by banks and non-banking financial institutions to the companies which are currently insolvent is about EUR 5.4 to 5.5 billion, representing 10 percent of the total non-governmental credit. Executive chairman of the Romanian Banking Association Florin Danescu said that EUR 5.4 billion from the 25 billion are due to banking creditors, ten billion to the state and the rest to other companies in the economy.