Past due loans topped Euro 880 million in March
Publish date: 17-05-201030-day loan delinquencies reached Euro 880 million in March (3.6 billion lei) 2.6-fold higher than year-ago level, and 27% higher than end-2009.The value of loan payments 30 days or more overdue rose to 3.6 billion lei (Euro 880 million), markedly higher than 1.4 billion lei in the same period of last year, data from the National Bank of Romania show.
30-day loan delinquencies increased by 4.38% in the last month only, adding 152 million lei to February value.The highest delinquencies are loans in lei, of 2.11 billion lei, while delinquencies for loans in euro totaled 1.17 billion lei. Around 75% of total delinquencies account for non-performing loans (payments of interest and principal are past due by 90 days or more).However, the number of borrowers in default continued to drop in March to 677,485 from 686,110 in February.
Latest News:
- Insurance market stagnated in 2013 while GDP chare dropped to 1.3%
- The Romanian Leasing Market as of December 31, 2013
- Millennium Bank reports best results since its launch, helped by stronger banking income and cost cuts
- BCR cheapens First Home loans and lowers interest loans for loans in lei
- Millennium Bank's new Salary account clients receive up to 600 lei bonus and their utility bills' payment
- GarantiBank and Seamless introduce SEQR in Romania: the newest mobile payment solution
- Bancpost telecom services, now provided exclusively by Romtelecom and COSMOTE Romania
- Millennium Bank cards offer discounts in Domo stores
- BCR Supervisory Board reshuffles Management Board
- NBR decide to lower the monetary policy rate to 4.25 percent per annum
- Common appointments in Romtelecom and COSMOTE Romania
- Up to 5.5% annual interest rate for Millennium Bank's promotional three-month lei deposit
- Eurozone in recovery mode but gap between North and South still widening
- UniCredit Tiriac Bank and RBS Romania announce the successful completion of the retail clients' migration
- Millennium Bank grants First House loans in lei