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Overdue CHF loans top 200m euros in February

Autor: Ciprian Botea, Mihaela Claudia Medrega

07.04.2011, 23:46 22

Clients who took out Swiss franc loans lured by the lowinterests displayed by bankers have fully felt the exchange rateincrease, and their overdue payments have risen three times in asingle year.


Individuals had in late February accumulated overdue instalmentsfor loans in currencies other than leu, euro and dollar worth 911mlei (216m euros), namely three times above the level registered inthe corresponding period of last year.


Analysts do not expect CHF loan overdue payments to slide soon,though the exchange rate, the main factor behind the rapid upsurgeof payment delays, has been stabilising lately. The weight of pastdue loans in total loans revolves around 6.7%.


Delays in paying back euro-denominated loans have also doubled overthe past year, reaching 2.16bn lei (around 510m euros), whileleu-denominated loan overdue payments have stabilised within the2.7-2.8bn lei interval, after a steep decline in 2009.

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