Bad paying clients are more of a headache for banks than fornon-bank financial institutions (NBFIs) as past due payments forloans granted by banks went up by 57% in the first five months of2010 compared with a 7.8% rise for NBFIs, reveal data from the NBR(National Bank of Romania).
In addition, consumer finance companies expect the austeritymeasures announced by the authorities to have a limited impact onclients' payment behaviour, while bankers expect a quarter of theclients could be affected by the 25% salary cut in the publicsector and say they will face another wave of non-performing loansand of restructuring.
At the end of May overdue loans owed to banks amounted to 12.3billion RON (3 billion euros), accounting for around 5.4% of theoverall volume owed. However, the share of overdue amounts recordedby NBFIs has remained at 6-6.5% since January, whilst the share ofpast due amounts rose by 1.5 per cent in the same interval.
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