Credit debt continues to increase

The debt for loans over RON 20,000 increased by 4.5 per cent in July, compared to the previous month, and by 82.8 per cent, compared to the end of 2008, totalizing RON 6.076 billion, according to data reported by the Banking Risks Central (BRC), of BNR, according to a press release sent to 'Nine O'Clock.' The total value of credit granted by financial institutions totalized RON 225.5 billion by the end of July. Therefore, the percentage of remaining sums in the total dent increased to 2.69 per cent in July, from 2.53 per cent in June, respectively from 1.47 per cent registered at the end of last year.

The credit demand registered a slight increase for the third month subsequently, yet it remains at the lowest level in the last four years, according to the Money Channel.

On the other hand, the balance of the credits granted and of the engagements assumed by credit institutions, of over RON 20,000, registered the highest decreases in the industry, financial and insurance departments for the last seven months, and a slight increase in constructions, according to a press release sent to 'Nine O' Clock.' Overall, the balance of granted credits and engagements assumed by credit institutions totalized RON 251.8 billion, including RON 77.73 billion for physical persons.

Loans financing foreign credit operations totalized RON 229 million by the end of June, which is an increase by 35.5 per cent, compared to June, and by 37.95 per cent, compared to December 2008. The highest decline, of almost 18 per cent, was registered during the first seven months by the balance of commercial credits, respectively by the right to cash the value of traded goods or services. Thus, the balance of commercial credits totalized RON 2.45 billion in July.

BNR injected yesterday RON 8.38 billion (EUR 1.98 billion) by a repo operation until September 14, at an interest rate that equals the monetary policy interest rate, respectively 8.5 per cent annually, according to Hotnews, as the agency quotes Ioan Birle, Head Dealer of the Transilvania Bank. Nineteen banks attended the operation.

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