Following the implementation of 25% salary cuts in the publicsector system, bankers expect 10-20% of those who have loans tofall behind with their payments but they are not very worried aboutit, having already had the experience of restructuring the loans ofprivate sector clients in 2009.
Some banks created special programmes for clients who are behindon their instalment payments as early as last year, while othersprefer to negotiate with each client on a case by case basis.Whatever the approach, bankers say the most important thing is forthe debtor to come and talk to the credit officer beforeaccumulating too many late payments.
"We expect 10-20% of the affected clients to resort to debtrestructuring. Estimates are difficult to make, but we rely on pastexperience. One factor to consider is the salary increase sincetaking out the loan until the present, so a salary cut could bringthem to the original situation. Unless they have become furtherindebted in the meantime, they will be able to continue to repaythe loan," says Mihai Rauta, consumer risk manager at RaiffeisenBank.
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