Foreign currency-denominated loans are starting to cause bankersheadaches, as clients who took out loans in euros or Swiss francsin 2006-2007 are now starting to feel the pinch of the exchangerate.
The population in late October registered over 30-day delays inpaying instalments for loans worth 5.37bn RON (1.26bn euros), up6.5% month-on-month, with bankers coping with rising problems onthe segment of foreign currency loans, NBR data show. In euros, theincrease amounts to 6.8%.
The overdue sums for euro loans climbed by 16m euros in October, tothe equivalent of 1.86bn RON (436m euros), while delays in payingSwiss franc-loans went up by 15%, to 667m RON (156m euros).
In September and October, overdue payments on foreign loans rose bythe equivalent of over 400m RON, while the RON declined bothagainst the euro and the Swiss franc.
The past two years have seen many factors add up and now puttingpressure on clients with foreign currency loans, including theexchange rate decline.
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