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Overdue loans up to 3.8bn euros in February

Autor: Ciprian Botea

05.04.2011, 23:40 14

Overdue instalment payments for loans contracted by individualsand companies rose by 3.8% in February, to 16.2bn lei (3.8bneuros), double the early 2010 level, according to NBR data.

The loan portfolio deterioration pace is similar with the oneregistered in the first month of the year.

Bankers are still having problems with bad payers though theunemployment rate has been declining for over a year and companies'revenues have resumed growth. High unemployment and companies'plunging turnovers were the main factors that led to soaringpayment delays in the past two years.

"The main explanation for the still rising overdue payments isthe delayed reflection in the economy of the positive signalsregarding unemployment and salaries that have emerged lately.February still reflected last year's situation, when the economywas still in recession," explained financial analyst AurelianDochia.

The weight of overdue instalments in February climbed to 6.9% oftotal sums owed by banks' clients, from 6.6% in January and 4.2% inthe similar period of last year.

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