Steven van Groningen, president of Raiffeisen Bank, the seventhlargest bank on the Romanian market in terms of assets, is moreconcerned about companies' prospective late payments cumulated overtime than about individuals falling behind with theirpayments.
"Whilst the risk is relatively stable and predictable on theindividual segment, although we are expecting the unemployment rateto continue to rise, there could be doubt about the corporateclients segment, because amounts are higher and you cannotrestructure again and again," van Groningen told ZF at an eventorganised by Business Review magazine.
Banks' exposure to loans granted to corporate entities amounts toaround 129 billion RON (32 billion euros).
As far as the market is concerned, loans included in the "loss"category, i.e. those that are 100% provisioned for, amount to 22.8billion RON (5.7 billion euros), according to data from the NBR forthe end of last year. A year ago, in January 2009, loans rated as"loss" stood at less than half of the value recorded in December,i.e. 10.3 billion RON (2.4 billion euros).
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