Natural Persons' Loans Up 87%,'06

The volume of the loans in RON taken up by the population in the first 11 months of the year advanced 87 per cent over the same period of 2005, such growth being the main supporter of the advance of 54 per cent of the non-governmental credit in the same reference period, shows data, Nine o'Clock reports.

The loans in lei taken up by companies also backed the general progress of the non-governmental credit, but with a lower weight. At the same time, the non-governmental credit in foreign currency recorded a more moderate growth, namely 28.4 per cent, sustained chiefly by the loans taken by population, which are up 53 per cent.

Thus, the non-governmental credit continues to slow down its rate of growth, maintaining the trend begun in the autumn 2006. Since the end of September until November, the rate of growth of the non-governmental credit fell progressively from almost 60 per cent to 54.9 per cent, respectively 54.1 per cent.

The credit rose in real terms in the first 11 months by 47.2 per cent. The upsurge of the nongovernmental credit in November was 3.2 per cent compared to the previous month, respectively to RON 91.9 bln, the credit in lei advancing 4.1 per cent, and the one in foreign currency by 2.3 per cent.

Breaking down the total volume of the non-governmental credit, the highest level of the loans belongs to the companies with credits in foreign currency (RON 27.42 bln), followed by the companies which borrowed in lei (RON 26.1 bln), the natural persons with credits in lei (RON 22.73 bln), and the credits taken by population in foreign currency (RON 15.64 bln).

Source: Reporter.gr